ICICI Direct has given Buy recommendation for Cyient recommended buy rating on the stock with a target price of Rs 910 in its research rep with a target price of Rs. 910 in its research report issued on Oct 16, 2022
ICICI Direct’s research report on Cyient
Cyient Ltd (Cyient) offers engineering & development services to aerospace & defence, transportation, E&U, communication and others. Cyient has 300 customers across 14 countries • Net debt free and healthy cash flow with OCF/EBITDA ~80%.
We maintain our BUY rating on the stock. We value Cyient at Rs 910 i.e. 14x P/E on FY25E EPS.