External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Cyient reported robust Q3FY22 results with revenue for the quarter at Rs 1,183 Cr, improving by 6.5 % QoQ and 11.7% YoY</li><li>Operating Margins declined by 170bps QoQ to 13.9%. Services operating margins grew by 10bps QoQ to 15.6% </li><li>We recommend a BUY rating on the stock and assign an 18x P/E multiple to the company's FY24E earnings of Rs 60.0/share. This gives a TP of Rs 1,100/share.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Cyient reported robust Q3FY22 results with revenue for the quarter at Rs 1,183 Cr, improving by 6.5 % QoQ and 11.7% YoYOperating Margins declined by 170bps QoQ to 13.9%. Services operating margins grew by 10bps QoQ to 15.6% We recommend a BUY rating on the stock and assign an 18x P/E multiple to the company's FY24E earnings of Rs 60.0/share. This gives a TP of Rs 1,100/share.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cyient Ltd

Cyient: Robust Results; Healthy Outlook