Cyient Rises Most In Seven Weeks As Analysts Rate ‘Buy’ After Q4 Results

Shares of Cyient Ltd. jumped nearly 9% as most analysts reiterated ‘buy’ ratings citing attractive valuations and risk-reward.

That even as the company’s design-led manufacturing business continues to suffer from supply-side challenges, including the semiconductor shortage. The analysts, however, expect the outperformance in services business and engineering R&D to offset the impact. An improved order intake is another positive.

The technology company focused on engineering, data analytics, and networks and operations saw its revenue fall sequentially in the quarter ended March, but profit rose.

Cyient Q4 FY22 (Consolidated, QoQ)

  • Revenue fell 0.19% at Rs 1,181.2 crore

  • EBIT up 3.86% at Rs 169.5 crore.

  • EBIT margin 14.35% versus 13.79%.

  • Net profit up 17% at Rs 154.2 crore.

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Shares of Cyient Ltd. jumped nearly 9% as most analysts reiterated ‘buy’ ratings citing attractive valuations and risk-reward. That even as the company’s design-led manufacturing business continues to suffer from supply-side challenges, including the semiconductor shortage. The analysts, however, expect the outperformance in services business and engineering R&D to offset the impact. An improved order…

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