Cyient Q3FY26 Exceeds Expectations; ICICI Securities Maintains 'Hold' Rating
Business
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Moneycontrol•30-01-2026, 21:07
Cyient Q3FY26 Exceeds Expectations; ICICI Securities Maintains 'Hold' Rating
- •Cyient DET reported better-than-estimated Q3FY26 growth, driven by transportation and network & infrastructure sectors.
- •The company saw steady traction in large deal wins and positive results from the new CEO's focus on account mining and operational streamlining.
- •Margin uptick, sustained growth momentum, and a positive Q4FY26 outlook were observed, aligning with other ER&D results.
- •Acquisition of Kinetic aims to boost Cyient's semiconductor business, a strategic move.
- •ICICI Securities maintains a 'Hold' rating with a Sum-of-the-Parts (SoTP) target price of INR 1,190, citing early signs of revival despite past patchy growth.
Why It Matters: Cyient's Q3FY26 performance exceeded estimates, but ICICI Securities maintains a 'Hold' rating with a target of INR 1,190.
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