India's Cyient tumbles after Q4 profit fall

Cyient

25/04/2025 07:32

** Shares of Cyient CYIE.NS fall 8.4% to 1138.3 rupees, their biggest one-day loss in three months, amid a broader weak market

** Engineering, research & design (ER&D) firm's Q4 profit falls 9.9%, hurt by weak demand in sustainability segment

** Ambit Capital("buy;" PT:2000 rupees): global macro uncertainty to weigh on co for next few quarters

** However, adds slowdowns caused by project delays to be short-term as long-term trends of aerospace demand and energy transition for co's key segments remain intact

** More than 3.6 mln shares traded, 6.4x 30-day avg

** Avg rating on stock is "hold;" median PT is 1505 rupees - data compiled by LSEG

** Stock down 38% YTD

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))