BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Motilal Oswal recommends buy on Cyient
Motilal Oswal has raised earnings estimates of Cyient factoring in the all-round beat in second quarter. Strong momentum in the services business, traction in top accounts and incremental contribution of communication/utilities verticals in growth lend higher visibility. The revenue growth in second quarter reflects the playing out of the turnaround on expected lines, and over the longer term Cyient remains well placed to address opportunities in the engineering and defense segments.