Suryaa Business Desk: Motilal Oswal hikes target price.. Margin upgrade jolts investors! Surya Corporate & IT Desk, Mumbai: US healthcare-based business services... Motilal Oswal raises target price..Margin upgrade jolts investors!Surya Corporate & IT Desk, Mumbai: US healthcare-based business services giant Sagility India reported strong financial results for the September quarter (Q2) that beat analysts' expectations.
Leading domestic brokerage firm Motilal Oswal Financial Services has become more bullish on Sagility shares as the company's revenue and operating profits have strengthened and seen a significant expansion in EBITDA margins. Motilal Oswal has announced that it will maintain a 'Buy' rating on the stock and raise the target price on the back of strong earnings outlook. Financial Performance Exceeding Expectations – Margins Upgrade: Strong project progress from US healthcare clients and digital transformation deals boosted the company's performance in the second quarter. The company's margins improved over the previous quarter due to increased operational efficiency.
The brokerage report revealed that the company's operating efficiency for the current financial year will remain stable and the management has upgraded its margin estimates due to the successful implementation of business cost containment. Motilal Oswal Revised Target Price: Motilal Oswal revised its target price in view of the company's long-term order book, flexibility's unique position in the healthcare payer and provider markets. It has been analyzed that this counter has the potential to provide attractive returns to investors from the current market levels. It is clear that strong free cash flow, client relationships and continued demand in the healthcare BPM segment will continue to be key engines for flexibility growth.
