JPMorgan has maintained its Overweight rating on Cyient with a target price of Rs 2,250. The brokerage highlighted that the company’s growth, margins, and guidance were in line with expectations. The current market price (CMP) of Cyient is Rs 1,777.80.
Outlook for growth
JPMorgan expects Cyient’s growth in Q3 and H2 to outperform its Q2 and H1 performance. The company’s strong Q3 commentary is anticipated to drive a relief rally, supporting investor confidence.
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