GEPL Capital is bullish on Cyient has recommended buy rating on the stock with a target price of Rs 807 in its research report dated April 05, 2018.
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GEPL Capital's research report on Cyient
At the CMP of Rs. 665, Cyient is trading at 21.6x and 18.1x its FY17, and FY18E EPS of Rs.30.6 and Rs.36.60. Compared to its peers; Cyient is trading at a discount P/E multiple, although its margins are better than or comparable to peers.
OutlookWe initiate coverage on Cyient Ltd with a BUY rating and attach a multiple of 18.9 xs to Cyients' FY19E earnings (EPS) of Rs. 42.7 to arrive at the target price of Rs.807.0, indicating a potential upside of 21%.
For all recommendations report, click here
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