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

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?

By
8 mins read, Last Updated:
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

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