Cyient’s Stock Performance Analyzed
Cyient’s stock price went down on Friday because the company didn’t make as much profit as expected. They saw a 28% drop in their profits compared to the previous quarter. This made investors worried, and the stock fell by about 1.9%. Despite the overall Nifty 50 index rising, Cyient’s stock didn’t keep up.
Key Points
- Cyient’s profit dropped 28% this quarter.
- Stock fell to ₹1,112.4 per share.
- Nifty 50 rose 0.07% during the same time.
- Revenue increased by 3.8% to ₹1,849 crore.
- Earnings before tax improved to ₹167 crore.
- Analysts have mixed opinions – some remain cautious, others positive.
Company Overview
Cyient is a company that helps other businesses with technology and design. They provide services like creating computer models and helping companies use new technology. The company’s stock is valued at approximately ₹12,474.28 crore.
Q3 Results Details
The company’s sales went up a bit, increasing by 3.8% to ₹1,849 crore. However, their profits decreased significantly, falling 28% to ₹91.8 crore. This is because costs went up.
Despite the drop in profits, some things improved, such as the amount of money they made before taxes (EBIT) increasing by 14% to ₹167 crore. The profit margin also got better, reaching 9%.
What Analysts Are Saying
Several analysts looked at Cyient’s results. Motilal Oswal kept their “Sell” rating, saying things are stabilizing but growth is uncertain. They adjusted their earnings estimates slightly.
Choice Broking was more optimistic, upgrading their rating to “Add” because of growing digital engineering and a strong order pipeline. They set a target price of ₹1,300.
Antique Stock Broking also increased its earnings estimates and raised its target price to ₹1,540, maintaining a “Buy” rating.
Ultimately, Cyient’s performance shows a need for careful monitoring and strategic adjustments to achieve sustained growth.
