Emkay Global Financial is bullish on Cyient has recommended buy rating on the stock with a target price of Rs 2600 in its research report dated April 26, 2024.
Riding on deal wins in the fourth quarter from Airbus and Deutsche Aircraft, the ER&D (engineering and research and development) firm saw its Q4 revenue growing by 2.1% to Rs 1,860 crore. On a YoY basis, the Q4 revenue grew by 6.2%.
The single biggest name which comes into my eyes is basically the housing loan companies, be it Chola, there are tonnes of names in the financial sector you can play the real estate boom. A) The yields are better. B) They are as good as secured loans. C) These companies have their costs or I would say their deposits which they have got at relatively high rates.
Cyient shows promising growth with a focus on client relationships, acquisitions, and strategic positioning in niche markets. The company s diverse business units and strong order book indicate a positive revenue trajectory ahead.