​​“Strong outlook on FY25 revenue growth, improving margins, and double-digit EPS growth should keep valuations afl oat,” said Morgan Stanleys analysts Gaurav Rateria and Sulabh Govila in a client note.

Geojit recommended accumulate rating on Cyient with a target price of Rs 1813 in its research report dated August 14, 2023.

Motilal Oswal is bullish on Cyient recommended buy rating on the stock with a target price of Rs 1730 in its research report dated July 26, 2023.

HDFC Securities is bullish on Cyient has recommended buy rating on the stock with a target price of Rs 1700 in its research report dated July 25, 2023.

The next year election season ahead, I think spending in the economy will increase. So broadly I think things are chugging along well and I think markets are looking pretty decent.

Axis Securities is bullish on Cyient has recommended buy rating on the stock with a target price of Rs 1610 in its research report dated July 26 2023.

The revenue from operations rose about 35 per cent to Rs 1,686.5 crore in the first quarter of this fiscal, up from Rs 1,250 crore in the year-ago quarter. Sequentially, Cyient recorded a net profit rise of 3.6 per cent from Rs 163 crore, it said.

SBI Life has reported net profit of Rs 381 crore for the quarter ended June. The net premium income rose 19% year-on-year to Rs 13,104 crore

​They themselves have not been able to raise prices because they are pushing volumes and their expansion continues apace. So they will be adding another few million tons in the next couple of years.

It is on the verge of a longer breakout from its long-term consolidation and poised for a fresh up move. Its higher bottoms on weekly charts protect the downside from current levels and risk-reward is in favour of longs.

Cyient DLM traded with 14.19 lakh shares on the BSE and over 2.1 crore shares on the NSE. However, its promoter entity moved in the opposite direction

"We continue to advise allotted investors to book profits, and if anyone wishes to buy, they should wait and watch for the counter as markets may see some pressure to sustain at higher levels," Tapse said.

Cyient DLM listed at a premium of 52 percent and rose further to trade at Rs 406.85, up 54 percent from the issue price. Analysts say valuation is now expensive and hard to sustain but the stock is a long-term play

“Premium is a segment where we have been focussing more and that is why we have continued to like Eicher Motor despite good valuation. Our sense is that this near-term weakness should be brought. It will lead to more expansion of that segment rather than shrinkage in terms of margins or overall growth being impacted. So, in Eicher Motor, we have a target price of Rs 4,165.”

Integrated electronic manufacturing services provider Cyient DLM made a strong debut on the stock exchanges, with shares listing at a premium of 52% over the IPO issue price of Rs 265 on NSE. The company's IPO received a massive response from investors with an overall subscription at 71.3 times. Cyient DLM will use the net proceeds from the issue to fund incremental working capital requirements, capital expenditure, repayment of debt and other general corporate purposes.

In the Nifty pack, 29 stocks were trading in the green, while 21 stocks were trading in the red.

The grey market premium (GMP) of Cyient DLM is around Rs 150-155 in the unlisted market. If we consider the upper price band of Rs 265, the company's shares are expected to list at a premium of 58%.

Given the global macro backdrop, we are expecting the orders to have slowed down and the hikes taken to retain employees over the last one year, those have reduced the margins. So, topish or flattish margins and not very good order flows, weak guidance is what we are expecting on IT, even though the rupee numbers will look good year-on-year. Overall, we are expecting a good earnings season for the Nifty and broader market.

Given the global macro backdrop, we are expecting the orders to have slowed down and the hikes taken to retain employees over the last one year, those have reduced the margins. So, topish or flattish margins and not very good order flows, weak guidance is what we are expecting on IT, even though the rupee numbers will look good year-on-year. Overall, we are expecting a good earnings season for the Nifty and broader market.

The allotment of shares for the initial public offers (IPOs) of drone-maker ideaForge and solutions provider Cyient DLM will be finalised on 7 July. Shares will be allocated on a lottery basis, with retail investors leading the subscription demand that saw ideaForge oversubscribed by more than 100 times, and Cyient DLM by 71.3 times. Both firms' IPOs attracted attention after receiving strong investor demand and are set to be listed on 10 July. The grey market premium for ideaForge is Rs 480 ($6.41), with Cyient DLM fetching a GMP of Rs 390 in the unlisted market.

Several stocks from the S&P BSE500 index, including ABB and Coforge, reached new 52-week highs, indicating a bullish sentiment in the market. Aditya Birla Capital, Amara Raja Batteries, Apar Industries, Birla Corporation, CCL Products, Cummins India, and Cyient also experienced significant increases in their stock prices, reaching new 52-week highs. These updates were sourced from BSE at 1:50 pm and may come with a lag.

The Cyient DLM IPO has been subscribed 14.52 times on the last day of bidding, with retail investors leading the way. Retail investors subscribed 37.39 times, non-institutional investors subscribed 23.83 times, and qualified institutional buyers bid 3.44 times more than the reserved amount. The company's shares are commanding a premium of Rs 110-112 compared to the upper end of the price band. Cyient DLM is an electronic manufacturing services provider with long-term relationships with key customers. Analysts believe the company's valuation is in line with industry peers. The IPO proceeds will be used for various purposes.

PKH Ventures, a construction and development company, is set to open its initial public offering (IPO) for subscription on June 30. The IPO, which includes a fresh equity issue and an offer for sale by selling shareholders, has a price band of Rs 140-148 per equity share. The company aims to use the IPO proceeds for equity investment in its construction subsidiaries, acquisitions, and general corporate purposes. With a diverse business model and a strong track record, PKH Ventures is expected to attract interest from investors. IDBI Capital Markets is the book-running lead manager for the IPO.

Integrated electronic manufacturing services provider, Cyient DLM, witnessed strong demand for its IPO, with the overall issue being subscribed 4.76 times on the second day. Retail investors showed significant interest with a subscription of 17.10 times, while the demand from qualified institutional buyers remained muted at just 4%. According to analysts, the company's shares are expected to command a premium and potentially fetch a bumper premium of 41% on listing. Cyient DLM reported revenue growth of 15% and a profit of Rs 31.7 crore for the financial year ending March 2023.

Several stocks within the Nifty500 index have shown significant recoveries from their 52-week lows, indicating companies' resilience and market sentiment's potential for lucrative returns. Companies such as Ingersoll-Rand, KEI Industries, Adani Enterprises, Ceat, Cyient, Data Patterns, Tanla Platforms, and Sonata Software surged over 100% from their respective lows. These exceptional recoveries showcase companies' strength and their ability to capitalize on market opportunities and adapt to market dynamics.

The total fresh issue size has been adjusted to Rs 592 crore against Rs 700 crore earlier, post pre-IPO placement issue.

Out of 23,08,000 shares available for subscription, the total number of share bids received from RIIs was 68,76,632. The Non-Institutional Investors (NIIS) subscribed to the issue 0.67 times. The number of share bids received was 23,21,200 against 34,62,000 shares available for subscription.

Cyient DLM has initiated its initial public offering for subscription, with a price band of INR250-265 ($3.36-$3.55) and a proposed market capitalisation of INR2,102 crore. The entire IPO comprises fresh equity shares worth up to INR592 crore. Analysts recommend subscribing to the issue for the long term, given attractive valuations, strong growth potential and the company's focus on the entire life cycle of a product. Cyient DLM is a printed circuit board assembly solutions specialist with long-term relationships with customers such as Bharat Electronics and Thales Global Services.

Cyient DLM is set to start its initial public offering on Tuesday, offering shares in the range of Rs 250-265 with a total value of up to Rs 592 crore. Ahead of the IPO, the company's shares have commanded a premium of Rs 90 in the unlisted markets. At the upper price band, Cyient DLM is available at P/E of 66.2x FY23 earnings. The firm specialises in the entire lifecycle of an electronics product, including design, build and maintenance, and is offering a fresh issue of equity shares.

Several stocks in the Nifty Smallcap 100 index have shown an impressive recovery from their 52-week lows, with standout performers including Mazagon Dock Shipbuilders and Jindal Stainless. Mazagon Dock Shipbuilders witnessed a remarkable increase of 429.49%, while Jindal Stainless marked an increase of 233.11%. Other notable recoveries include KEI Industries, Raymond, Cyient, Tanla Platforms, KPIT Technologies, and RBL Bank, demonstrating effective management strategies, resilience, and capacity to navigate market challenges and capitalize on growth opportunities. These recoveries highlight the potential for growth and market resilience within the Nifty Smallcap 100 index.

After a strong start to Ideaforge IPO, all eyes are on Cyient DLM's public offer, which will open for subscription on June 27. The issue closes on June 30. The company's shares are expected to get listed on both exchanges. Here are 10 things to know about the issue.

Seven public issues, including three mainstream IPOs and four SME IPOs, are set to hit the Indian markets this week. IdeaForge will open its much-awaited IPO for subscription on June 26th, offering equity shares of up to INR 240 crore and an offer for sale of 48.6 lakh shares. Meanwhile, Cyient DLM's IPO, offering equity shares for Rs 250-265 a piece, will open on June 27th while PKH Ventures will bring in an initial offering of up to 1.82 crore shares on June 30th. The SME space will also see four IPOs worth INR 107 crore in total.

Nifty Smallcap100 stocks show significant recoveries from their 52-week lows, including KEI Industries, Raymond, Cyient, Tanla Platforms, Jindal Stainless, RBL Bank, Kalyan Jewellers, and Suzlon Energy. The recoveries are a testament to the companies' resilience and growth potential, reflecting market participants' renewed confidence in their future prospects.