FY24 revenue guidance cut on expected lines

Company
29 Jan 2024
5 Min read 
  • Cyient reported 3QFY24 results with revenue growth in line with expectations.
  •  The company lowered its FY24 revenue guidance but expects strong growth in FY25.
  •  The order intake was at an all-time high, indicating positive momentum for future growth.
  •  The company remains confident in its ability to sustain margins and deliver double-digit growth.
  •  Valuation and outlook remain positive, with a BUY rating and a target price of INR2,400.
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