Cyient keeps brokerages bullish with 46% rise in Q1 net profit
Wed, Jul 26, 2023 1:08 PM

Cyient keeps brokerages bullish with 46% rise in Q1 net profit

A Flip by Shubhangi Gupta
Get it on Google Play
Shares of IT solutions provider Cyient traded flat after an announcement of their Q1 numbers. Brokerages were still bullish though, rating the stock with a hold/buy and giving a potential upside of up to 20%. Cyient posted a 46% rise in net profit to Rs 169 crore in Q1, revenue from operations grew 35% to Rs 1,686.5 crore and they won 6 large deals of around Rs 400 crore.

More great flips

Spanish Inflation Accelerates as Government Energy Aid Removed

Spanish Inflation Accelerates as Government Energy Aid Removed

Spanish inflation quickened for a second month as the government continued to remove support that had helped keep a lid on soaring energy costs.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostMusk’s China Trip Pays Off With Key Self-Driving Hurdles ClearedElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Watchers.

Open Flip
Benchmark indices surge amidst positive cues from European markets!

Benchmark indices surge amidst positive cues from European markets!

Market Update at 12:35 PM In the current trading session benchmark indices trade substantially higher as Sensex has surged by 0.92 per cent, while Nifty also gained by 0.65 per cent. Similarly, in the broader markets Nifty Midcap has moderately gained by 0.21 per cent, while Nifty Smallcap has surged by 0.21 per cent.

Open Flip
Shares to buy for long-term: SMC Global recommends these two stocks to buy

Shares to buy for long-term: SMC Global recommends these two stocks to buy

Shares to buy for long-term: Global markets experienced a downturn last week due to conflicting economic signals. The US economy grew at a sluggish 1.6% in the first quarter, the slowest in almost two years, while inflation remained stubbornly high at 3.4%. 📌APL Apollo Tubes Ltd: Buy at CMP, target ₹1935. 📌 Radico Khaitan: Buy at CMP, target ₹2152.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon