Sagility India Ltd shares surged 8.26% on Monday to reach a high of Rs 43.80. Domestic brokerages fueled the rally by reiterating Buy ratings for the healthcare-focused BPM firm.
The stock climbed despite a sequential revenue decline in the June quarter. Analysts attributed this dip to seasonal factors, specifically the absence of the open enrollment period.
Elara Capital and Mirae Asset Sharekhan noted that revenue showed growth when adjusted for seasonality. Management maintains its yearly guidance supported by strong deal momentum.