Cyient Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 11414.17 Crore) operating in IT Software sector.
Cyient Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1083.90 Crore, down -4.37 % from last quarter Total Income of Rs 1133.40 Crore and up 2.25 % from last year same quarter Total Income of Rs 1060.10 Crore. Company reported net profit after tax of Rs 115.00 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to maintain positive bias and head higher towards the target of Rs 1205 levels in the coming week as it is the measuring implication of the last two months range breakout (Rs 1067-905) as projected from the recent breakout area of Rs 1067 signals upside towards Rs 1229 in the coming weeks
Promoter/FII Holdings
Promoters held 23.5 per cent stake in the company as of March 31, 2021, while FIIs held 38.5 per cent, DIIs 21.2 per cent and public and others 16.8 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
