Sagility India Share Price: Sagility India Limited's stock is again witnessing a strong rally in the last trading session of the week. On Friday, January 3, 2025, Sagility India's stock rose 5 percent to Rs 52.82, after which the stock hit an upper circuit. The reason for this stormy rise in the stock is the report of Axis Capital in which investors have been advised to buy Sagility India's stock. 

Axis Capital releases coverage report

Axis Capital has released its coverage report on Serenity India Limited. In this report, the brokerage house has advised investors to invest in the stock. Axis Capital said in its report that Serenity India can give investors a return of 20 percent by traveling from the current level of Rs 50 to Rs 60. After the release of this report of the brokerage house, Serenity India's stock has become a rocket in today's session and has reached Rs 52.82 with a jump of 5 percent from the previous closing, after which the stock has hit an upper circuit. 

In its report, Axis Capital said that Segility India is a fast-growing business processing management (BPM) company. According to the report, the stock has gained 40 percent in the last one month, which has reduced the difference in valuation with its competitor company. Axis Capital is not the first company to come out with a coverage report on the stock of Segility India, which was recently listed on the stock exchange. 

Investment advice from Jefferies and JP Morgan 

Foreign brokerage houses Jefferies and JP Morgan have also recently advised investors to buy the stock of Cegility India. JP Morgan has given an overweight rating to the stock and advised to buy the stock for a target of Rs 54. While Jefferies has asked to buy the stock with a target price of Rs 52. However, the stock has already achieved this target.  

Stock listing done on 12th November 2024 

After the IPO of Serenity India Limited, the shares of the company were listed on the stock exchange on 12 November 2024. Shares with an issue price of Rs 30 were listed at Rs 31.06 at a premium of 3.53 per cent. The company raised Rs 2106.60 crore from the market through the IPO. Serenity India provides solutions and services to American healthcare insurance companies. The company supports the core business of both payers and providers.