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Buy Cyient DLM; target of Rs 880: Motilal Oswal

Motilal Oswal is bullish on Cyient DLM has recommended buy rating on the stock with a target price of Rs 880 in its research report dated July 22, 2024.

July 23, 2024 / 13:12 IST
Buy

Buy

 
 
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Motilal Oswal's research report on Cyient DLM

Cyient DLM (CYIENTDL) reported a healthy quarter, with revenue growth of ~19% YoY in 1QFY25, led by significant traction in the aerospace and defense verticals. However, margins declined 140bp YoY to 7.8%, mainly due to higher SG&A expenses.We maintain our FY25/FY26 EPS estimates and retain our BUY rating on the stock with a TP of INR880 (40x FY26E EPS).

Outlook

We maintain our FY25/FY26 EPS estimates and retain our BUY rating on the stock with a TP of INR880 (40x FY26 EPS).

For all recommendations report, click here

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Cyient DLM_23072024_Motilal Oswal

Broker Research
first published: Jul 23, 2024 01:12 pm

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