Buy Cyient DLM, target price Rs 830: Motilal Oswal
Cyient DLM with a target price of Rs 830. The current market price of Cyient DLM Ltd. is Rs 655.8.
Cyient DLM Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 5206.45 Crore) operating in General sector.
Want to take exposure to a sector which grows much faster than GDP
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 31-Dec-2023, while FIIs owned 6.32 per cent, DIIs 11.22 per cent.
