ICICI Direct's research report on Cyient
Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others. Cyient has 300 customers across 14 countries • Net debt free and healthy cash flow with OCF/EBITDA ~80%.
Outlook
We change our rating on the stock from HOLD to BUY. We value Cyient at Rs 935 i.e. 17x P/E on FY24E EPS.
More Info
At 11:20 hrs Cyient was quoting at Rs 784.85, down Rs 5.80, or 0.73 percent.
It has touched an intraday high of Rs 793.45 and an intraday low of Rs 782.65.
It was trading with volumes of 1,635 shares, compared to its thirty day average of 12,259 shares, a decrease of -86.66 percent.
In the previous trading session, the share closed up 1.56 percent or Rs 12.15 at Rs 790.65.
The share touched its 52-week high Rs 1,292.00 and 52-week low Rs 725.65 on 19 October, 2021 and 07 July, 2022, respectively.
Currently, it is trading 39.25 percent below its 52-week high and 8.16 percent above its 52-week low.
Market capitalisation stands at Rs 8,661.13 crore.For all recommendations report, click here
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