The company reported a 106.4 percent year- on-year growth in profit at Rs 14.6 and revenue was up 71.5 percent to Rs 291.8 crore in the September quarter
Motilal Oswal is bullish on Cyient DLM recommended buy rating on the stock with a target price of Rs 870 in its research report dated October 16, 2023.
Technically, the stock s day RSI (14) is at 58.7. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. The day MACD (12, 26, 9) is at 14.5, which is above its Center Line, but below the signal line.
Indian equity benchmarks were trading higher today. The 30-share BSE Sensex rose 333 points to 66,500 and Nifty gained 107 pts to 19,838. Here s a look at stocks that are buzzing in action today.