India's Cyient rises after quarterly income growth

Cyient

24/07/2026 05:19

** Shares of Cyient Ltd CYIE.NS rise as much as 4.8% at 870.60 rupees; last up 0.7% at 836.05 rupees
** Co, on July 23, reported 17% y/y rise in Q1 total income to 20.83 billion rupees, net profit fell 31% to 1.04 billion rupees
** Kinetic acquisition aided both capabilities, revenue growth in semicon unit, Tao Digital acquisition should add further capabilities in data/software engineering space after deal completion -- Ambit; keeps "Buy", TP at 1,300 rupees
** Co sees growth to sustain in transportation and telecom while strategic units could take more quarters to stabilize, notes J.P. Morgan; keeps "overweight", TP at 1,050 rupees
** Seeing momentum in large-deal pipeline but slowdown in discretionary projects, potential headwinds in transportation if macro remains volatile -- Morgan Stanley, keeps "underweight", TP at 820 rupees
** 8 out of 18 analysts rate the stock "Buy" or higher, median PT of 1,015 rupees
** YTD, stock down 24.26%

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))