The record
Written from the 1 report below. Nothing here is unsourced.
- Brokerage Kotak has downgraded Cyient DLM to 'Reduce' while raising its target price.
- The move follows the company's first-quarter report, in which net profit doubled.
- Kotak cited strong operational delivery but weighed it against current valuation and segment-specific risks.
- The change signals the brokerage sees limited upside at current prices despite the profit growth.
What to watch next
- Whether Cyient DLM sustains its profit growth in coming quarters
- How the flagged segment-specific risks play out
- Whether the raised target price changes after further results
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Named India · Cyient DLM · Kotak
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