Shares of IT company Cyient have shown tremendous performance. The company’s shares have crossed the level of Rs 900 from the level of Rs 15 in the last few years. Market experts say that the company’s shares can reach new highs with more momentum. Domestic brokerage house Anand Rathi believes that the shares of Cyient can go up to Rs 1250 with a gain of about 40 percent from the current share price. The shares of Saint closed on Monday, 25 April 2022 at the level of Rs 905.90 on the National Stock Exchange.
Shares reached beyond Rs 15 to 900, 1 lakh became 59 lakhs
Shares of IT company SENT were at a level of Rs 15.20 on the National Stock Exchange (NSE) on 30 May 2003. The company’s shares have closed at Rs 905.90 on NSE on 25 April 2022. If a person had invested Rs 1 lakh in the shares of the company on 30th May 2003 and had retained his investment, then at present this money would have been Rs 59.60 lakh. The 52-week low level of the company’s shares is Rs 687.70. At the same time, the 52-week high level is Rs 1292.
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Anand Rathi is bullish on IT company stock
Domestic brokerage house Anand Rathi is very bullish on the stock of IT company Cyient. The brokerage house has maintained a buy rating on the company’s stock. Anand Rathi in his report said that in FY 2022, Cyient has outperformed margin expectations. The company has delivered a margin of 13.9% in FY22, achieving EBIT growth of 51%. The company has resumed hiring in FY22 and the services headcount has grown by 13%. The brokerage house believes that the salary hike in FY23 could be above average. Margins in FY23 may remain the same as in FY22.
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