Sagility India today rallied 5% in early trade to hit its upper circuit and a fresh all-time high of Rs 46.09 on the BSE as global brokerage firm Jefferies initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 52.
The target indicates an upside potential of 18% for the stock from its previous closing price.
The foreign brokerage firm highlights Sagility’s strong positioning to deliver consistent double-digit revenue growth in the coming years.
“Sagility is poised to benefit from the normalization of depreciation and amortization (D&A) costs and deleveraging, which are expected to drive earnings per share (EPS) growth,” said Jefferies in its note.
The firm has projected a robust performance for Sagility over FY25-27, anticipating a compound annual growth rate (CAGR) of 12% in revenue and 40% in profit after tax (PAT).
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