Motilal Oswal Picks Mid Cap IT Software Stock To Buy Amid Highly Attractive Valuation
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%.
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.
3. Cyient Ltd About
The Cyient is a consulting- led, industry- centric, global Technology Solutions company that matter.
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.
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. advises users to check with certified experts before taking any investment decision.
By Renu Baliyan Goodreturns source: Dailyhunt