Cyient Ltd (CYIENT)

Cyient Ltd's Net Debt and EBIT Cover Interest Expense - 21 Sep, 2023

Cyient Ltd has a net debt of only ₹4.23b, with its EBIT covering interest expense 10.4 times over. The company also grew its EBIT by 21% in the last year.

Cyient Shares Surge Under New CEO - 15 Sep, 2023

Since the appointment of its new CEO in April 2023, shares of Cyient Ltd have surged by 80.21%.

Cyient Ltd Expected to See Stronger Growth in ERD Segment - 12 Sep, 2023

Cyient is a small/mid-level stock in the ERD segment, which is expected to see stronger growth than other services segments from the recovery. ERD services require domain-specific knowledge and have high correlation to client industry cycles.

Cyient DLM Goes Public With Multibagger Returns - 07 Sep, 2023

Cyient Ltd's subsidiary Cyient DLM goes public with multibagger returns of 152.45%, while Cyient grows EPS by 19% per year over three years.

Kotak Recommends 'Buy' on Cyient with 19% Upside - 06 Sep, 2023

Kotak has a 'buy' call on Cyient with a target price of ₹1,950, indicating a 19% upside. It expects constant currency organic revenue growth CAGR of 12.2% over FY2023-26E and EPS CAGR of 23.0% over FY2023-26E.

Cyient Stock Surges on Strong Performance - 05 Sep, 2023

Cyient Ltd's stock hits a new high, surging 10% on the BSE. The company's stock and its subsidiary, Cyient DLM, have seen significant gains in CY23.

Cyient Reports Strong Q1FY24 Results - 16 Aug, 2023

Cyient Ltd reported strong Q1FY24 results with a 34.9% YoY growth in consolidated revenue, an improvement of 326bps in EBIT margin, and a 46% YoY increase in PAT. The company secured six large deals worth $48.8 million.

Insider Selling Raises Concerns for Cyient Ltd Stock - 12 Aug, 2023

Cyient Ltd insider, Bodanapu Reddy, sold 98% of their entire holding for ₹209m at an average price of ₹1,551. No recent insider purchases have been made, but the company is growing earnings.

Bonanza Portfolio Analyst Values Tata Technologies at a Discount to Cyient - 09 Aug, 2023

Rajesh Sinha, Senior Research Analyst at Bonanza Portfolio has valued Tata Technologies at a 10% discount to the multiple assigned to Cyient at 21.2x TTM EPS to arrive at an intrinsic value of Rs 268 per share.

Cyient Collaborates with Microsoft for EnGeneer CoE - 07 Aug, 2023

Cyient Ltd has partnered with Microsoft to create the 'EnGeneer' Center of Excellence, integrating new Generative AI capabilities into its existing solutions CyFast and CyArc.

Institutional Investors Own Half of Cyient; Stock Price Surpasses Last Week's High - 03 Aug, 2023

Institutional investors hold a significant stake in Cyient, with the top 12 shareholders owning 50%. The company's stock price surpassed last week's high, closing at Rs 1518.1 on August 2.

Cyient Identified as Mid-Tier Technology Player with Opportunity - 01 Aug, 2023

MD identifies Cyient as a mid-tier technology player with opportunities in the market. Comparison made to Tata Technologies.

Cyient Receives Export Excellence Award, Reports Modest Growth in DET Segment - 28 Jul, 2023

Cyient Ltd's stock experiences a positive sentiment as it receives a state export excellence award and reports modest growth in its DET segment, while maintaining its FY24E guidance.

Cyient Reports Strong Q1FY24 Results and Expects 15%-20% Revenue Growth in FY24 - 27 Jul, 2023

Cyient Ltd reported a revenue of Rs 169 Cr in Q1FY24, up 35% YoY. The company's net profit stood at Rs 177 Cr, registering a growth of 52% YoY. Management expects overall revenue growth in FY24 in the range of 15%-20%. A BUY rating is recommended on the stock with a TP of Rs 1610/share.

Cyient Posts Strong Q1 Results - 26 Jul, 2023

Cyient Ltd reported a strong Q1 FY24 performance with a 35% YoY rise in revenue from operations to Rs 1,686.5 crore and a 44.79% YoY rise in consolidated profit to Rs 168.10 crore.

Cyient Reports Strong Revenue Growth Despite Rising Expenses - 25 Jul, 2023

Cyient Ltd reported strong revenue growth despite rising expenses, with its Q1 FY24 net profit at Rs 168.10 crore and revenue from operations jumping 34.91% to Rs 1,686.50 crore. Geojit Financial Services recommended Cyient as a good long-term investment option.

Cyient Receives Long-Term Recommendation, Foreign Investors Raise Stakes - 24 Jul, 2023

Cyient Ltd's stock market saw a positive trend as foreign investors increased their stakes by 2-4% and it was recommended for the long-term.

Bulk Deals on Cyient Ltd's Subsidiary - 13 Jul, 2023

GRAVITON RESEARCH CAPITAL LLP and NK SECURITIES RESEARCH PRIVATE LIMITED engaged in bulk deals of buying and selling shares in Cyient DLM Limited.

Cyient Ltd's Arm Cyient DLM Debuts on Stock Exchanges - 10 Jul, 2023

Cyient Ltd's subsidiary, Cyient DLM, has a successful IPO that will fund its parent company's growth and expansion plans. Shares of Cyient DLM also debut on the stock exchanges.

Cyient DLM IPO Oversubscribed, Strong Listing Expected - 05 Jul, 2023

The IPO of Cyient's subsidiary, Cyient DLM, saw oversubscription in every category of investors and is expected to have a strong listing on July 10. The grey market premium indicates a potential 45% increase over the expected IPO price.