Buy Cyient; target of Rs 600: Motilal Oswal

Motilal Oswal is bullish on Cyient has recommended buy rating on the stock with a target price of Rs 600 in its research report dated October 13, 2016.
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Oct 17, 2016, 05.31 PM | Source: Moneycontrol.com

Buy Cyient; target of Rs 600: Motilal Oswal

Motilal Oswal is bullish on Cyient has recommended buy rating on the stock with a target price of Rs 600 in its research report dated October 13, 2016.

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Buy Cyient; target of Rs 600: Motilal Oswal

Motilal Oswal is bullish on Cyient has recommended buy rating on the stock with a target price of Rs 600 in its research report dated October 13, 2016.

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Motilal Oswal's research report on Cyient

We have raised our earnings estimates by 3.9/7.6% for FY17/18E, factoring in the all-round beat in 2Q. 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 2Q reflects the playing out of the turnaround on expected lines, and over the longer term CYL remains well placed to address opportunities in the Engineering and Defense segments. Our revised price target of INR600 discounts FY18E earnings by 13x. Maintain Buy.

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The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


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Buy Cyient; target of Rs 600: Motilal Oswal

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