Cyient shares rocket 8% after investor day, but brokerages see up to 24% downside. Here’s why

Cyient shares rocket 8% after investor day, but brokerages see up to 24% downside. Here’s why

Shares of Cyient gained as much as 8% to their day’s high of Rs 1,055 on the BSE on Wednesday after the IT services company laid out its growth and margin priorities at its investor day, with brokerages differing on the pace and strength of its recovery.Cyient said its immediate focus is to reignite growth, targeting double-digit year-on-year revenue growth and steady quarter-on-quarter growth through FY28-29. In the near term, the company is targeting EBIT margins of more than 15%, while its m…

Madhur Knit Crafts IPO Day 3: Issue booked 55% so far. GMP hints 16% listing pop. Check key dates, issue details