Cyient zooms on green tech, aviation play. Did trigger-happy mutual funds miss the rally?

Krishna Bodanapu, executive vice chairman and managing director, Cyient: image credit: Special Arrangement.

Synopsis
The Cyient stock hit an all-time high on Tuesday and has been a consistent outperformer over a year. The company’s revenues from sustainability segment have risen from 15.4% in FY22 to 22.1% in FY23. The trend should continue in FY24 too. However, the MF stake in the stock has fallen. What has made investors backtrack their bet on Cyient?

Do you believe in climate change? Krishna Bodanapu, executive vice-chairman and managing director of Cyient — a global engineering and technology solutions company —pondered over the question while sipping his Americano at the windowless café of ITC Maratha Hotel. He was in Mumbai last week for a marathon meeting with investors and business media, hence the choice of a stronger brew was justified. Before 2020, the question would have just been a