Cyient shares rocket 8% after investor day, but brokerages see up to 24% downside. Here’s why
Cyient shares jumped 8% after the IT services company outlined its growth and margin roadmap at its investor day.
Management is targeting double-digit revenue growth and EBIT margins above 15% in the near term, while brokerages remained divided on the pace of recovery.
Motilal Oswal retained its Sell rating, while Nuvama and PL Capital maintained Hold ratings with higher target prices.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
