Choice Equity Broking's report on Cyient
Cyient presented a cautious outlook owing to demand uncertainties from macroeconomic challenges further it faces near term headwinds due to management transition & its significant exposure to US of 51%, limits the scope for a sharp rebound. However, with a 35% stock correction since January, most negatives are likely priced in. As the environment improves, a potential recovery seems likely.
Outlook
Given these factors, we marginally lower our estimates by 4%, projecting Revenue/EBIT/PAT to grow at a CAGR of 5.4%/14.0%/17.9% over FY25–27E and maintain our rating to BUY but lower the target price to INR 1,555, implying a 20x PE on FY27E EPS of INR 77.8.
For all recommendations report, click here
Disclaimer: 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
