Broker call▲ Bullish for Indegene

Motilal Oswal upgrades Indegene and sets ₹708 target

3 sources · first seen 11:03 25 Sept · updated 14:26 25 Sept

The brief

Written from 4 reports · check the source before you trade

Motilal Oswal said rising outsourced-services demand could benefit Indegene
Indegene shares rose 5% after the upgrade
The upgrade supports sentiment on Indegene and Indian healthcare-services outsourcing

Market read

the session the news first traded, and since

Stock	Traded	That day	vs Nifty	Volume	Since
INDGN	Fri, 25 Sept	+2.5%	+2.2%	3.3×	+2.5% · Nifty +0.3%

✓ Classifier read this as positive; INDGN rose 2.2% against the Nifty on the day it traded.

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Indegene₹608.95 · 1 today Motilal Oswal Financial Services₹1,029.00 · 7 today

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3 stories this week

28 SeptTop stocks to buy: Stock recommendations for September 28, 2026 week - check listBroker call · 1 source · Pearl Global and Indegene are recommendations for the week starting September 28, 2026

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Indegene analyst recommendations

Motilal Oswal upgraded Indegene and set a target price of ₹708, citing demand for outsourced services and its role with life sciences clients. Axis Direct initiated coverage with a buy recommendation and indicated 18% upside.

Friday, 25 September

12:35
Indegene share price jumps 5% to hit a 52-week high after Axis initiates coverage with a buy - Check target price
11:033 sourcesYou are here
Motilal Oswal upgrades Indegene and sets ₹708 target

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Read the reports

4 reports · earliest 11:03

CNBC-TV18Indegene shares rise as Motilal Oswal upgrades stock, sets target at ₹70811:03 MoneycontrolBuy Indegene; target of Rs 708: Motilal Oswal11:38 Business TodayIndegene shares rise 5% as Motilal Oswal upgrades stock; check target price12:30 MoneycontrolIndegene shares hit over one-year high as Motilal Oswal hikes target price14:26