India, Oct. 13 -- Cheap stocks always grab attention, specially the ones priced under Rs50. But a low share price doesn't say much about the business, it could be weak or it could be solid. What matters is what's running behind that price tag. Every now and then a brokerage picks one such name and puts proper numbers on it, and that's what happened recently in the healthcare services space.

Sagility is trading around Rs43.05, down 2.05% for the day. Market cap is about Rs20,153 crore, and the consolidated PE is 20.29. Its 52-week range is Rs35.82 to Rs57.90, so Nuvama's target of Rs60 sits above the one-year high. From Rs43, the target gives about 39% upside. As always, this is a brokerage view and not a sure thing, so do your own homew...