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HomeSHARE MARKETBuy This Midcap IT Stock For Huge Return; Share Price Target ₹2400;...

Buy This Midcap IT Stock For Huge Return; Share Price Target ₹2400; Know Stop Loss Details

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Cyient Ltd (NSE: CYIENT): There are positive signs from the world market. There are mixed figures for FIIs and domestic funds. Its effect can be seen on the domestic stock markets on Wednesday (20 March). 

Market expert says domestic markets will benefit from the huge rise in American markets before the Fed meeting. 

In a volatile market, expert has chosen midcap IT stock Cyient Ltd as the Stock of the Day. This IT share has to be bought in the cash market.

Cyient: What Are The Buying Targets?

Experthas buying advice in Cyient. Stoploss had to be kept in it in 1944. It has three targets 1995, 2010, and 2400. The stock has remained unchanged for the last five sessions.

Whereas the stock has corrected by about 5 percent in a month. This stock has come to an attractive level in the decline.

Cyient: What Is The Expert’s Opinion?

Market expert says midcap IT shares are looking strong in the recent correction of the market. The trend in these is bullish. 

Midcap IT space Cyient is a better pick. Brokerage house has also started coverage on Cyient. The share target is now set at 2400 rupees.

About Cyient Ltd Company 

Cyient Limited is an Indian firm. It is a global engineering and technology solutions business.

The company is involved in providing global technology solutions and solutions, with a focus on engineering design, geospatial, solutions information technology, and data analytics.

It also has a focus on the areas of manufacturing total electronic solutions for automotive, industrial, medical and defense, telecommunications, and aerospace applications. This includes the production and machining of parts used in the aerospace, automotive, and defense industries.

segments: Digital, Engineering, and Technology; Design Led Manufacturing (DLM) and Others.

This Digital, Engineering, and Technology segment covers high-tech, connectivity, transportation automotive, and semicolon medical technology, and the embedded, digital solutions available across all business segments.

DLM segment: Deals with electronic production.

Platforms: CyFAST, CyMedge, and platformX.

Fundamental Analysis of Cyient Ltd

Market Cap₹ 22,185 Cr.
Current Price₹ 2,000
52-wk High₹ 2,459
52-wk Low₹ 931
Stock P/E31.0
Book Value₹ 364
Dividend1.30 %
ROCE19.8 %
ROE16.6 %
Face Value₹ 5.00
P/B Value5.49
OPM18.3 %
EPS₹ 59.3
Debt₹ 1,039 Cr.
Debt to Equity0.26

Cyient Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹2000₹2400
2025₹2412₹2512
2026₹2614₹2700
2027₹2744₹2945
2028₹3000₹3214
2029₹3348₹3544
2030₹3647₹3870
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Cyient Ltd Shareholding Pattern

Promoters Holding
Dec 202223.36%
Mar 202323.35%
June 202323.35%
Sept 202323.20%
Dec 202323.20%
FII Holding
Dec 202231.07%
Mar 202332.61%
June 202336.57%
Sept 202335.71%
Dec 202334.11%
DII Holding
Dec 202224.92%
Mar 202324.88%
June 202321.31%
Sept 202321.57%
Dec 202322.69%
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Public Holding
Dec 202219.67%
Mar 202318.18%
June 202317.86%
Sept 202318.63%
Dec 202319.13%
Others Holding
Dec 20220.98%
Mar 20230.98%
June 20230.92%
Sept 20230.90%
Dec 20230.89%

Cyient Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 4,618 Cr
2020₹ 4,427 Cr
2021₹ 4,132 Cr
2022₹ 4,534 Cr
2023₹ 7,038 Cr
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Last 5 Years’ Net Profit:

2019₹ 477 Cr
2020₹ 341 Cr
2021₹ 364 Cr
2022₹ 522 Cr
2023₹ 669 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.13
20200.15
20210.09
20220.1
20230.27

Last 10 Years’ Profit Growth:

10 Years:9%
5 Years:6%
3 Years:17%
Current Year:37%

Last 10 years’ Return on Equity (ROE):

10 Years:17%
5 Years:16%
3 Years:16%
Last Year:17%

Sales Growth Over 10 Years:

10 Years:12%
5 Years:9%
3 Years:11%
Current Year:29%

Conclusion

This article is a complete guide about Cyient Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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