Shares of Cyient fell sharply in early trade on Friday, down 4.16 per cent to ₹897 as of 10.19 am, after the engineering services company reported a steep sequential and year-on-year decline in quarterly profit. The stock opened at ₹937, briefly touched that level as the day’s high, and slid to a low of ₹890.15, with sell orders outpacing buys — 58 per cent sell versus 42 per cent buy on the exchange.
The company’s Q4 consolidated net profit came in at ₹54.80 crore, down sharply from ₹91.8 crore in the previous quarter, while revenue rose to ₹1,930 crore from ₹1,850 crore quarter-on-quarter. The numbers were tagged neutral by the street but the profit miss weighed on sentiment.
Morgan Stanley maintained an Underweight rating with a target of ₹1,050, noting that while Transportation and Mobility performed ahead of expectations, the decline in Strategic Units was sharper than estimated. The brokerage acknowledged the buyback could lend some support and that the stock trades cheap, but said investors would want to see consistent growth in the DET business before turning constructive.
Choice International retained a medium-term constructive view with a sum-of-the-parts target price of ₹1,250 based on FY28 estimates, citing stable margins and improving order intake. It noted the buyback at ₹1,125 per share — roughly 20 per cent above Friday’s trading price — is EPS-accretive and supportive of sentiment, though it has not yet been factored into estimates pending clarity on acceptance ratios.
The board-approved buyback covers up to 6.4 million shares worth ₹720 crore via tender offer, with promoters opting out entirely.
Cyient’s total market cap stood at approximately ₹9,971 crore. The stock is down nearly 28 per cent over the past year, significantly underperforming the Nifty 500’s 2 per cent gain over the same period.
Published on April 24, 2026