Cyient Ltd -
Fundamentals of Q2 -
Revenue from operations grew by 10.8% on YoY basis from Rs 1,003 crore to Rs 1,112 crore and 5.1% QoQ. Net profit improved by 44.6% on YoY basis from Rs 84 crore to Rs 121 crore and 5.5% QoQ . Board declared an interim dividend of Rs 10/share. During Q2 FY22, Digital LED Manufacturing (DLM) business grew by 22.1% YoY basis to Rs 188.8 crore and grew by and 5.7% on QoQ basis. During the quarter, revenue from services stood at Rs 922.9 crore and witnessed a growth of 8.7% on a YoY basis and 4.9% on a sequential basis. Voluntary attrition rate during the quarter was 24.3%.
Technical Analysis-
Stock has corrected nicely from its high. It is at 9DEMA support on weekly basis where historically it has taken a support.
CMP - 1070
Good to add till 996..!
Fundamentals of Q2 -
Revenue from operations grew by 10.8% on YoY basis from Rs 1,003 crore to Rs 1,112 crore and 5.1% QoQ. Net profit improved by 44.6% on YoY basis from Rs 84 crore to Rs 121 crore and 5.5% QoQ . Board declared an interim dividend of Rs 10/share. During Q2 FY22, Digital LED Manufacturing (DLM) business grew by 22.1% YoY basis to Rs 188.8 crore and grew by and 5.7% on QoQ basis. During the quarter, revenue from services stood at Rs 922.9 crore and witnessed a growth of 8.7% on a YoY basis and 4.9% on a sequential basis. Voluntary attrition rate during the quarter was 24.3%.
Technical Analysis-
Stock has corrected nicely from its high. It is at 9DEMA support on weekly basis where historically it has taken a support.
CMP - 1070
Good to add till 996..!