SAGILITY

Updates

** Jefferies says an uncertain growth outlook and a slow recovery that threaten fiscal year 2027 earnings could keep India's information technology stocks under pressure

** The Nifty IT index .NIFTYIT is down 13% in 2025, trailing the Nifty 50's .NSEI 11% gain, leading to a sharp price-to-earnings de-rating

** Jefferies says consensus expectations of 7% revenue growth looks at risk which should weigh on IT stock performance in CY26

** The drop is driven by about 700.3 billion rupees ($7.83 billion) of foreign outflows in 2025 through October 31, the most from any sector, NSDL data shows

** Growth worries and AI-related uncertainty could cap multiples, even if cheaper valuations offer better entry points, says Jefferies

** Adds mid-cap IT has outperformed on relatively better earnings, naming Coforge COFO.NS, Sagility SAGL.NS and Hexaware HEXW.NS as its preferred mid-caps

** Identifies Infosys INFY.NS and HCLTech HCLT.NS as its top large-cap picks.

($1 = 89.4690 Indian rupees)

(Reporting by Komal Salecha and Bharath Rajeswaran)

(([email protected];))

** Attractive value "hard to find" in Indian equities outside financials, with MSCI India's 1-year forward PE at 23.3x, and 26.4x excluding financials, well above 10-year averages :Jefferies

** With Indian markets expected to move sideways in the near term, bottom-up stock picking will be key, brokerage says

** Adds, newly listed auto parts firm Belrise Industries BELR.NS, IT services company Sagility SAGL.NS, and Adani Energy Solutions ADAI.NS to its model portfolio

** Sagility is added by trimming Infosys' INFY.NS weight; Belrise replaces Eicher Motors EICH; and Adani Energy takes Nuvama Wealth's NUVA.NS spot following regulatory curbs on derivatives trading

** Jefferies now identifies 11 Indian stocks as value buys under its coverage (except financials)

** The changes reflect focus on selective, fundamentals-driven bets amid rich valuations, according to Jefferies

** BELR shares are up 2.1%, while SAGL and ADAI are down 1.5% and 1%, respectively

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Feb 5 (Reuters) - Sagility India Ltd SAGL.NS:

• SAGILITY INDIA DEC-QUARTER CONSOL NET PROFIT 2.17 BILLION RUPEES

• SAGILITY INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 14.53 BILLION RUPEES

Source text: ID:nBSE7svh

Further company coverage: SAGL.NS

(([email protected];))

** Shares of Sagility India Ltd SAGL.NS climb an exchange-allowed maximum of 5% to 47.73 rupees

** Health tech provider late on Wednesday said it acquired peer BroadPath Healthcare Solutions in a 5.02 billion rupees ($58 million) cash deal

** Acquisition to add 30 new clients for SAGL

** SAGL counts U.S.-based health insurers and hospitals among its clients

** Stock trims losses in Jan to 9.9%, but is up ~60% from its IPO price of 30 rupees; stock had trading debut on Nov. 5, 2024

($1 = 86.5650 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of healthcare-focused services provider Sagility India SAGL.NS fall 3.4% to 52.06 rupees

** More than 6 mln shares traded in 6 block deals; 4 deals at a discount of 5% to previous close, while others at a 0.3%-0.4% premium - data compiled by LSEG

** Sagility shares up ~68% since Nov. 12 listing

(Reporting by Vijay Malkar)

(([email protected];))

** Shares of healthcare tech services provider Sagility India SAGL.NS climb 5% to a fresh record high of 48.93 rupees

** Stock set for seventh straight session of gains

** J.P.Morgan initiates coverage on SAGL with "overweight" rating, PT of 54 rupees

** On Monday, Jefferies initiated coverage with "buy"; stock had jumped ~5% to a record high

** SAGL to benefit from structural tailwinds such as increased outsourcing in U.S. healthcare as clients look for cost-efficient options, JPM says

** Company's revenue growth to see limited volatility as it largely addresses non-discretionary operations spending - JPM

** Stock climbs ~67% since listing on Nov. 12

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Sagility SAGL.NS rises as much as 4.6% to a record high of 47.3 rupees; set for sixth straight session of gains

** Jefferies initiates with "buy"; PT of 52 rupees

** Expects healthcare business process management co to achieve robust growth over FY25-FY27, projecting a CAGR of 12% in rev and 40% in PAT

** Says SAGL can continue to beat market growth driven by scope to mine existing clients, scale up new mid-market accounts and mergers and acquisitions

** Adds co's deep domain expertise and end-to-end service offerings position it well to gain market share

** Stock up 60% since listing in mid-November

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected]))

** Sagility India SAGL.NS rises 6% to 31.80 rupees on market debut

** Health tech provider opens at 31.06 rupees vs issue price of 30 rupees, valuing co at 145.40 bln rupees ($1.72 bln)

** Stock climbs as much as 9.6%

** SAGL counts U.S.-based health insurers and hospitals among its clients

** Top shareholder Sagility B.V. sold 25% stake in co for 21.06 bln rupees (~$250 mln) via offer for sale route

** SAGL IPO oversubscribed 3.2x, led by demand from foreign investors, domestic banks and mutual funds

($1 = 84.3910 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))