Cyient Stock: Accumulation in Cyient, target price Rs 2,130: Prabhudas Lilladher

Prabhudas Lilladher has accumulated calls in Hundred with a target price of Rs 2130. The current market price of Buy Ltd.. is Rs 2003.25.

Cyient Ltd., incorporated in the year 1991, is a mid-cap company (with a market capitalization of Rs 22189.86 Crore) operating in the IT Software sector.

Hundred Key product/revenue segments include software development charges for the year ending March 31, 2024. Finance
For the quarter ended 30-06-2024, the company reported a consolidated total revenue of Rs 1696.80 Crore, down -9.95% from last quarter’s total revenue of Rs 1884.20 Crore and up 0.01% from year-ago quarter’s total revenue of Rs 1696.70 Crore. The company reported a net profit after tax of Rs 147.60 Crore in the recent quarter.
Promoter/FII Holdings
Promoters held 23.16 per cent stake in the company as on June 30, 2024, while FIIs held 29.47 per cent and DIIs 27.08 per cent.

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