CYIENT DLM LTD Q2 RESULTS
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
Cyient’s profit grew 22% to Rs 196 crore in Q4
Riding on deal wins in the fourth quarter from Airbus and Deutsche Aircraft, the ER&D (engineering and research and development) firm saw its Q4 revenue growing by 2.1% to Rs 1,860 crore. On a YoY basis, the Q4 revenue grew by 6.2%.
Q4 results: How LTTS, Cyient, Zensar Technologies and Laurus Labs fared in March quarter
LTTS reported 8% YoY growth in net profit at Rs 1,304 crore while the standalone revenue stood at Rs 9,647 crore, up by 9%.
Cyient DLM shares zoom 13% on solid Q4 results led by defence & aerospace deals
The company's Q4 revenue stood at Rs 362 crores, with quarter-on-quarter (QoQ) growth of 12.7% and YoY growth of 30.5%.
Q4 results today: Tata Consumer, ICICI Pru among 15 companies to declare earnings
Q4 results today: On Tuesday, approximately 15 companies are scheduled to announce their quarterly performance. Among these, investors will pay particularly close attention to Tata Consumer, ICICI Pru, Cyient DLM, MCX, and others.
Stocks in news: Tata Consumer, ICICI Pru, RIL, Adani Enterprises, Hero MotoCorp
Shares of Tata Consumer, ICICI Pru, Tata Elxsi, M&M Finance, 360 One Wam, MCX and Cyient DLM will be in focus as the companies will announce their fourth quarter results today.
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Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that'll announce earnings
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies.
Fundamental Radar: 6 factors that make Cyient a good bet in the ER&D space
Cyient shows promising growth with a focus on client relationships, acquisitions, and strategic positioning in niche markets. The company's diverse business units and strong order book indicate a positive revenue trajectory ahead.
Q3 Results Today: SBI Life, JSW Steel, Vedanta, Adani Power among 84 companies to announce earnings
On the last trading day of this week, 84 companies listed on the BSE will announce their December quarter earnings. Among the Nifty companies, SBI Life Insurance Company and JSW Steel will report their Q3 earnings. Street will also keeping a close track on the earnings of ACC, Adani Power, AU Small Finance Bank, Cyient, Equitas Small Finance Bank, Hindustan Petroleum Corporation (HPCL), Indian Energy Exchange.
Q3 results today: Axis Bank, REC among 70 companies to announce earnings
Axis Bank will announce its Q3 earnings today, with analysts expecting modest growth in net interest income and profit. Net interest income for the October-December period is projected to rise by 1% quarter-on-quarter. Profit growth is expected to be in the range of 2-5% quarter-on-quarter. Investors should monitor net interest margins, which are expected to decline due to higher deposit costs. Additionally, credit costs, business growth, loan mix, and asset quality are important factors to watch.
Q3 results this week: Axis Bank, Adani Power, Tata Steel, Tech Mahindra, PNB, YES Bank and others
Here's a look at the upcoming release of December quarter report cards by various companies including Axis Bank, Bajaj Auto, DLF, Tata Steel, Tech Mahindra, Adani Power, JSW Steel, SBI Life, PNB, Macrotech Developers, and YES Bank. Additionally, companies such as Colgate-Palmolive (India), Coforge, Oberoi Realty, Mangalore Refinery And Petrochemicals, Lloyds Metals & Energy, Authum Investment & Infrastructure, Sobha, Karur Vysya Bank, Zensar Technologies, Chennai Petroleum Corporation, Spandana Sphoorty Financial, Tamilnad Mercantile Bank, VST Industries, IIFL Securities, Gensol Engineering, and Oriental Hotels will also be releasing their report cards.
Axis Bank, Bajaj Auto Q3 earnings among 10 factors to drive D-Street in holiday-shortened week
"Nifty concluded the week at 21,571.80, marking a decline of 323 points from 21,894 levels, on a weekly basis. Pharma, realty, and metal sectors faced selling pressure. Despite persstent attempts to breach crucial resistance, each of them resulted in a sell-off,” Om Mehra, Technical Analyst, at SAMCO Securities said.
Q3 Preview: Atleast 23 companies to see profits doubling YoY as earnings momentum continues
Most of these companies are part of automobile, auto ancillary, capital goods, electronic manufacturing, metals, and a few in the financial services sector.
Eye on IT stocks ahead of Q3 results; HCL Technologies, Cyient top picks
The seasonality is likely to hurt revenue growth and margin performances of both tier-1 and tier-2 IT companies.
Furloughs to weigh on Q3 revenue of IT companies, says Motilal report. HCL top buy
A combination of adverse macros and a higher-than-expected number of furloughs could bog down revenue conversion of top Indian IT companies, a Motilal Oswal report said ahead of the earnings season which begins on January 11 when Tata Consultancy Services (TCS) and Inforsy will announce their December quarter results.
IT stocks rally looks premature after Accenture's underwhelming guidance. Should you sell?
Accenture reiterated its headline FY24 revenue growth guidance of 2-5% YoYcc but increased the inorganic contribution to more than 2% vs 2% earlier, which implies that FY24 organic growth guidance has been trimmed slightly. Management indicated no change in the demand environment – persistent weakness in BFS, CMT, and discretionary spends.
Cyient Q2 Results: Revenue jumps 27% to Rs 1,779 crore on sustainability, transport demand
The company's consolidated net profit saw an over two-fold rise to 1.78 billion rupees in the September quarter from a year earlier.
Banks help Sensex rise 261 points higher amid rebound in global stocks; Nifty above 19,800
From the Sensex pack, Power Grid, Kotak Bank, Tech Mahindra, and Bajaj Finserv were the top gainers, rising 1-2%. While Tata Motors, L&T, IndusInd Bank and TCS closed in the red. Among individual stocks, Ceat closed 4.5% higher after the company reported a consolidated net profit of Rs 208 crore in Q2 FY24, compared with Rs 7.83 crore a year earlier
Cyient DLM shares climb over 8% after Q2 profit zooms 106% YoY
Technically, the stock's day RSI (14) is at 58.7. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. The day MACD (12, 26, 9) is at 14.5, which is above its Center Line, but below the signal line.
Q2 results this week: HDFC Bank, HUL, ITC, ICICI Bank, Kotak Bank, Wipro, Paytm and more
In the coming week, financials are set to dominate the earnings with big private banks including ICICI Bank, Kotak Bank, and HDFC Bank set to report their results. Apart from them, several Nifty heavyweight across sectors are slated to announce their earnings. Here's a look
IT companies to announce Q2 results from next week: Top 5 predictions and stock picks
His analysis suggests the current slowdown to be an entire FY24 phenomenon rather than 1H and the impact possibly extending to FY25 discretionary spends.
Birlasoft Q1 Results: Net profit rises 14% to Rs 138 crore, revenue rises 9%
Revenue and earnings during the June quarter reflect the receipt of USD 2 million for disengagement of Birlasoft Solutions Inc and Invacare, the company declared.
Cyient Q1 Results: Firm reports 46% rise in net profit to Rs 169 crore
The revenue from operations rose about 35 per cent to Rs 1,686.5 crore in the first quarter of this fiscal, up from Rs 1,250 crore in the year-ago quarter. Sequentially, Cyient recorded a net profit rise of 3.6 per cent from Rs 163 crore, it said.
IT stocks on top of FII hate list! Will Q1 results mark end of long winter?
Foreign institutional investors (FIIs) are in particular worried about the impact of macro uncertainties in developed countries on Indian software exporters. After selling IT stocks worth over Rs 48,000 crore in FY23, FIIs sold another Rs 9,154 crore worth of IT stocks in Q1.
Stocks in news: Cyient DLM, HDFC Bank, Bajaj Auto, Hindustan Zinc
Suzlon Energy Ltd on Friday said its board has approved a proposal to raise up to Rs 2,000 crore. The company will explore various financial routes to raise the amount.
ETMarkets Smart Talk: How to trade Zomato shares on Monday after Q4 results
Zomato's shares will be watched closely as the foodtech company's losses narrowed in Q4 to Rs 188 crore. The stock's support levels are around Rs 58-55, while resistance lies at Rs 75-80, according to Sumeet Bagadia, executive director of Choice Broking. He adds that short-term prospects of the stock may appeal to risk-taking investors. Meanwhile, M&M could move towards Rs 1,325 if it surpasses its resistance at Rs 1,285.
Sectoral spotlight: IT stocks to remain in focus this earnings season; Axis Securities picks Infosys as top bet
The rising attrition rate in the sector coupled with challenging macroeconomic events could pose headwinds towards execution in automation projects further, the brokerage firm noted.
Cyient shares rise 4% after Q3 results
Cyient's consolidated revenue for the December quarter of FY23 stood at Rs 1,618 crore with QoQ growth of 15.9% and YoY growth of 36.7%. The consolidated revenue for the December quarter of FY22 was Rs 1,183 crore.
Cyient Q3 Results: Revenue jumps 37% QoQ as acquisitions pay off
The Hyderabad-based company benefited from the four acquisitions it did last year, including its largest ever of Finnish engineering services firm Citec which helped expand its footprint in Europe.
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