Latest news with #SagilityIndia
Mint
11-07-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 11 July 2025
Stocks to buy under ₹ 100: After declining with range-bound action in the previous session, the Indian stock market continued to show weakness and finished lower on Thursday. The Nifty 50 index corrected 120 points and closed at 25,355, the BSE Sensex lost 345 points and ended at 83,190, whereas the Bank Nifty index ended 157 points lower at 56,956. The broader markets also reflected weakness, as the Nifty Midcap100 and Smallcap100 indices fell 0.3% each. Sectoral performance was mixed, with the Nifty IT index down 0.8% as IT stocks slipped ahead of Tata Consultancy Services' (TCS) Q1FY26 results. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed some profit booking during the session to slip gradually as the day progressed and closed in the red near the 25,350 zone with overall bias and sentiment still maintained intact. Volatility can be expected in the coming sessions with the Nifty 50 index having important support positioned near the 25,250-25,300 zone, which needs to be sustained. On the upside, a decisive breach is necessary above the 25,650 zone, which shall trigger a fresh upward move having higher targets of 25,700 and 26,200 levels in the coming days." "The Bank Nifty index erased some gains as the day proceeded further and ended the session just below the 57000 zone with consolidation visible near the 57,000 zone with positive bias. The index would need to have a decisive breach above the resistance level of 57600, which, when confirmed, shall trigger further rise, thereafter, expecting fresh targets of 58,500 and 60,000 levels in the coming days. As mentioned earlier, the index would continue to have the 56,000 zone as the important and crucial support, which needs to be sustained now," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment — recommended these four intraday stocks for today under ₹ 100: Sagility India, Dhani Services, and Rattanindia Enterprises. 1] Sagility India: Buy at ₹ 44, Target ₹ 48, Stop Loss ₹ 42. 2] Dhani Services: Buy at ₹ 68, Targets ₹ 70.80, ₹ 73.30, Stop Loss ₹ 66.30. 3] Rattanindia Enterprises: Buy at ₹ 66, Target ₹ 72, Stop Loss ₹ 63.
Mint
11-07-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 11 July 2025
Stocks to buy under ₹ 100: After declining with range-bound action in the previous session, the Indian stock market continued to show weakness and finished lower on Thursday. The Nifty 50 index corrected 120 points and closed at 25,355, the BSE Sensex lost 345 points and ended at 83,190, whereas the Bank Nifty index ended 157 points lower at 56,956. The broader markets also reflected weakness, as the Nifty Midcap100 and Smallcap100 indices fell 0.3% each. Sectoral performance was mixed, with the Nifty IT index down 0.8% as IT stocks slipped ahead of Tata Consultancy Services' (TCS) Q1FY26 results. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed some profit booking during the session to slip gradually as the day progressed and closed in the red near the 25,350 zone with overall bias and sentiment still maintained intact. Volatility can be expected in the coming sessions with the Nifty 50 index having important support positioned near the 25,250-25,300 zone, which needs to be sustained. On the upside, a decisive breach is necessary above the 25,650 zone, which shall trigger a fresh upward move having higher targets of 25,700 and 26,200 levels in the coming days." "The Bank Nifty index erased some gains as the day proceeded further and ended the session just below the 57000 zone with consolidation visible near the 57,000 zone with positive bias. The index would need to have a decisive breach above the resistance level of 57600, which, when confirmed, shall trigger further rise, thereafter, expecting fresh targets of 58,500 and 60,000 levels in the coming days. As mentioned earlier, the index would continue to have the 56,000 zone as the important and crucial support, which needs to be sustained now," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment — recommended these four intraday stocks for today under ₹ 100: Sagility India, Dhani Services, and Rattanindia Enterprises. 1] Sagility India: Buy at ₹ 44, Target ₹ 48, Stop Loss ₹ 42. 2] Dhani Services: Buy at ₹ 68, Targets ₹ 70.80, ₹ 73.30, Stop Loss ₹ 66.30. 3] Rattanindia Enterprises: Buy at ₹ 66, Target ₹ 72, Stop Loss ₹ 63. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
23-06-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 23 June 2025
Stocks to buy under ₹ 100: The Indian stock market broke its three-day losing streak, buoyed by robust Asian market performance and advancing US futures. The Nifty 50 index finished 319 points higher at 25,112, the BSE Sensex surged 1,046 points and closed at 82,408, while the Bank Nifty index shot up 675 points and closed at 56,252. Trent, Jio Finance, and M&M emerged as top performers on the Nifty. Conversely, Hero Moto Corp, Dr Reddy's, and Maruti concluded the session as major losers of the Nifty. Trading volumes on the NSE cash market were higher by 76% on the back of Sensex and FTSE rebalancing-related trades. The buying frenzy was broad-based, with all sectoral indices ending in the green. Amongst them, Realty, PSU Banks, Metal, and Auto sectors were the significant outperformers, leading the charge from the front. All major sectoral indices ended in the green, indicating widespread optimism. Notable gains were seen in Metal, PSU Bank, Realty, Power, Telecom, and Capital Goods, with each sectoral index rising between 1 per cent and 2 per cent. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed a strong move during the session to move past the 25000 zone decisively on the back of easing out of the geo-political tensions temporarily as of now, with strong recovery visible across the board. The index would have the near-term hurdle at the 25200-25250 zone, above which one can expect fresh upward to retest the previous peak zone at 26277 levels in the coming days. At the same time, the 24700 level would be the crucial near-term support that needs to be sustained to maintain the bias intact." "The Bank Nifty index bounced back once again to move past the hurdle of the 56000 zone with bias improving and expecting further rise in the coming days with sentiments expected to ease out for the next coming sessions and would need to breach above the near-term resistance zone at 57000 level to strengthen the trend further. On the downside, the 55000 zone would be the important near-term support that needs to be sustained now," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding stocks to buy today, Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mehul Kothari, Deputy Vice President—Technical Research at Anand Rathi; Mahesh M Ojha, AVP—Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet, recommended three intraday stocks for today under ₹ 100: Yes Bank, Suzlon Energy, ABFRL, Sagility India, SJVN, and Sagility India. 1] Yes Bank: Buy at ₹ 19.70, Target ₹ 21, Stop Loss ₹ 19. 2] Suzlon Energy: Buy at ₹ 63, Target ₹ 666.50, Stop Loss ₹ 61; and 3] Aditya Birla Fashion and Retail or ABFRL: Buy at ₹ 73, Target ₹ 78, Stop Loss ₹ 70. 4] Sagility India: Buy at ₹ 39.25 to ₹ 40.25, Targets ₹ 41.50, ₹ 43, ₹ 45, Stop Loss ₹ 37.80; and 5] SJVN: Buy at ₹ 95 to ₹ 97, Targets ₹ 99, ₹ 102, ₹ 105, Stop Loss ₹ 92.50. 6] MMTC: Buy on dips at ₹ 65.50, Targets ₹ 68.40, ₹ 69.80, Stop Loss ₹ 64. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
27-05-2025
- Business
- Business Standard
Sagility India drops as promoter launches OFS
Sagility India hit a lower limit of 5% at Rs 40.72 after its promoter, Sagility B.V., announced an Offer for Sale (OFS) to divest up to 15.02% stake in the company. The move is aimed at aligning with SEBIs minimum public shareholding rule, which mandates that at least 25% of a listed company's equity be held by the public. Currently, Sagility B.V. holds 82.39% of the companys equity (as of March 2025), leaving the public float well below regulatory requirements. The OFS began today, May 27, with the offer open exclusively to non-retail investors. On May 28, retail investors will have their turn, along with non-retail bidders from the previous day who choose to carry forward their unallotted bids. Trading is being conducted through a special window on the BSE and NSE during regular market hours, from 9:15 a.m. to 3:30 p.m. Sagility B.V. is offering a base lot of 34.61 crore shares, amounting to 7.39% of Sagility Indias total equity. Theres also an oversubscription option for an additional 35.69 crore shares or 7.62%, taking the total potential divestment to 70.30 crore shares, equivalent to 15.02% of the company. The floor price for the OFS has been fixed at Rs 38 per share, marking an 11.34% discount to Mondays closing price of Rs 42.86 on the BSE. The steep discount and the sheer volume of shares on offer appear to have spooked investors, triggering a sharp drop in the stock price. By 4:00 p.m. on T-1 Day, the OFS saw subscriptions hitting 223.72% of the base non-retail offer size (31.15 crore shares). A total of 69,69,20,359 bids were received, signaling strong institutional appetite. Sagility India is a leading global provider of technology-enabled business solutions and services to clients in the U.S healthcare Industry. On a consolidated basis, Sagility India's net profit surged 127.64% to Rs 182.57 crore while revenue from operations jumped 22.23% to Rs 1,568.5 crore in Q4 FY25 over Q4 FY24.
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Business Standard
27-05-2025
- Business
- Business Standard
Sagility India shares hit lower circuit as promoter offloads 15.02% via OFS
Sagility's stock fell as much as 5 per cent as its promoter looks to offload a 15.02 per cent stake via an offer for sale SI Reporter Mumbai Shares of Sagility India were locked at 5 per cent lower circuit on Tuesday as its promoter looks to offload a 15.02 per cent stake via an offer for sale to achieve the minimum public shareholding limit. Sagility's stock fell as much as 5 per cent during the day to hit a lower circuit of 40.7 per share, the lowest level since May 9 this year. This is compared to a 0.31 per cent decline in Nifty50 as of 11:52 AM. Shares of the company have fallen over 12 per cent from its recent peak of ₹48.6, which it hit earlier this month. The counter has fallen 19.2 per cent this year, compared to a 5 per cent advance in the benchmark Nifty50. Sagility has a total market capitalisation of ₹19,062.37 crore. Sagility India OFS details Sagility B.V., the promoter entity of Sagility India, will sell up to 15.02 per cent of its stake in the company through an offer for sale on May 27 and May 28, 2025, according to an exchange filing on Monday. The base offer includes 34.61 crore equity shares, representing 7.39 per cent of the total paid-up share capital, with an option to offload an additional 35.69 crore shares (7.62 per cent) under the oversubscription option. If fully exercised, the total offer will comprise 70.3 crore shares. Non-retail investors can place bids on Tuesday, May 27 and may also opt to carry forward un-allotted bids to the next day. Retail investors can participate on Wednesday, May 28, during the trading hours. The floor price for the OFS has been set at ₹38 per share, over a 10 per cent discount to Monday's closing price. As of the March quarter, Sagility B.V. has about 82.39 per cent stake in the company, according to BSE data. Sagility India Q4FY25 results Revenue from operations grew 22.23 per cent year-on-year to ₹1,568.5 crore in Q4 FY25. Adjusted Ebitda for the quarter stood at ₹383.20 crore, up 22.85 per cent from ₹311.90 crore reported in Q4 FY24. The adjusted Ebitda margin improved slightly to 24.4 per cent from 24.3 per cent a year ago. ALSO READ:
