Buy Cyient DLM, target price Rs 870: Motilal Oswal

Cyient DLM Ltd. key Products/Revenue Segments include Printed Circuit Boards and Job Work for the year ending 31-Mar-2023.

By ETMarkets.com | Oct 17, 2023, 10.33 AM IST

Promoters held 66.66 per cent stake in the company as of 30-Sep-2023, while FIIs owned 6.23 per cent, DIIs 12.28 per cent.

Motilal Oswal Securities has buy call on Cyient DLM with a target price of Rs 870. The current market price of Cyient DLM Ltd. is Rs 709.3.

Cyient DLM Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 5629.55 Crore) operating in General sector.

Cyient DLM Ltd. key Products/Revenue Segments include Printed Circuit Boards and Job Work for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Standalone Total Income of Rs 301.12 Crore, up 38.09 % from last quarter Total Income of Rs 218.06 Crore and up 77.67 % from last year same quarter Total Income of Rs 169.48 Crore. Company reported net profit after tax of Rs 14.65 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 66.66 per cent stake in the company as of 30-Sep-2023, while FIIs owned 6.23 per cent, DIIs 12.28 per cent.

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