Sagility shares surge up to 4% after over 69 crore shares change hands in multiple blocks

Shares of Sagility Ltd. gained as much as 4% on Friday, November 14, after multiple blocks took place in the stock during opening trades.

As many as 69.22 crore shares or 17% of the outstanding equity of the company changed hands in the large transaction. The number of shares that changed hands were valued at close to ₹35 crore.

CNBC-TV18 had reported on Thursday that promoters of technology-enabled service providers in the healthcare space, Sagility Ltd, are likely to sell up to 16.4% stake in the company through block deals.

The base book of the deal is 10%, with an additional green shoe option of 6.4%, sources in the know told CNBC-TV18. The floor price for the sale was set at ₹46.4 per share, representing an 8% discount to the current market price (CMP), sources close to the development said.

Sagility's net profit rose over twofold to ₹251 crore from ₹117 crore a year earlier. Revenue grew 25.2% year-on-year to ₹1,658 crore, while EBITDA increased 37.7% to ₹415 crore. Operating margin improved to 25%, compared to 22.7% in the same period last year.

Also Read: Sagility is Kotak's only 'buy' within the BPO services space, recommends 'reduce' on its peers

At the end of the quarter, the company had 44,185 employees and a presence across five countries with 34 delivery centres.

Ramesh Gopalan, Managing Director and Group CEO, said the company’s performance in the first half of FY26 reflects Sagility’s ability to sustain growth in a changing marketplace. “As our clients continue to deal with profitability pressures, we are bringing our domain expertise and transformational capabilities to help them reduce the cost of operations,” he said.

Also Read: 'Consensus buy' Sagility shares can go up to ₹70, analysts project after strong Q2

Shares of Sagility are trading 4.8% higher at ₹52.8 after the block deal. The stock has risen 20% in the last one month.