Motilal Oswal Picks Mid Cap IT Software Stock To Buy Amid Highly Attractive 
Valuation

Motilal Oswal Picks Mid Cap IT Software Stock To Buy Amid Highly Attractive Valuation { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Motilal Oswal has recommended investors to buy mid cap IT Software stock, Cyient Ltd with a target price of Rs 1170 apiece.

If you buy Cyient Ltd shares at the current market price of Rs 955.20 apiece, you can get potential return of 23%.

The company reported a consolidated total income of Rs 1645.70 crore, up 16 .23% from last quarter total income of Rs 1415.90 crore.

Check details below: 1. Cyient Ltd Stock Performance & Return

The last trading price of the stock is Rs 955.20 apiece with intraday fall of 1 .15%. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The stock's 52- week high is Rs 995.05 apiece and 52- week low is Rs 724.00 apiece, respectively.

The company has a market capitalisation of Rs 10,563.38 crore.

The stock gave a return of 20% in last 3- months, 12% in last 6- months, and 18% in last 1- year. In last 2- years, it gave return of 45%.

2. Cyient Ltd Valuation

The current valuations at 18 x/ 14 x FY 2 3 E/ FY 2 4 E EPS of INR51.9/ INR 68 .6 appear highly a majority of its growth engines ( excluding Rail, Consulting and Utility) sustaining the positive momentum and delivering robust growth of 15% YoY in 9 MFY 23. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

The Cyient is a consulting- led, industry- centric, global Technology Solutions company that matter. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Having itss and development facilities in India Company serves India a global customer base through its subsidiaries in the United States of America ( USA) United Kingdom ( UK) Germany Japan Australia Singapore and according to its official website.

The stock has been picked from the brokerage report of Motilal Oswal. { "selector": ".imagebox-wrapper", "duration": "4656ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.13968)"] } }

Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article.

Goodreturns.in advises users to check with certified experts before taking any investment decision.

By Renu Baliyan Goodreturns source: goodreturns.in Dailyhunt View more