Buy Cyient DLM, target price Rs 880: Motilal Oswal

economictimes.indiatimes.com:

Cyient DLM with a target price of Rs 880. The current market price of Cyient DLM Ltd. is Rs 702.4.

Cyient DLM Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 5553.01 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 30-06-2024, the company reported a Consolidated Total Income of Rs 266.78 Crore, down -27.93 % from last quarter Total Income of Rs 370.16 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 10.60 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 66.66 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.14 per cent, DIIs 17.44 per cent.