Hold Shalby Ltd; Target Rs. 100 & Cyient Ltd; Target Rs. 400

Hold Shalby Ltd; Target Rs. 100 & Cyient Ltd; Target Rs. 400

Shalby Ltd (SHAY):

Shalby Ltd (SHAY) has officially announced a consolidated sales of Rs. 115.62 Cr for the quarter ended on 30-09-2020, which is 200.74%, up from its previous quarter sales of Rs. 38.44 Cr and 8.04%, down from its previous year same quarter sales of Rs. 125.73 Cr. The firm has also announced its net profit after tax of Rs. 24.47 Cr in the most recent quarter.

Outlook:

Hold Shalby Ltd (SHAY) with a target of Rs. 100.

Cyient Ltd (CYIE):

Cyient Ltd (CYIE) has officially announced a consolidated sales of Rs. 991.70 Cr for the quarter ended on 30-06-2020, which is 7.63%, down from its previous quarter sales of Rs. 1,073.60 Cr and 8.93%, down from its previous year same quarter sales of Rs. 1,089.00 Cr. The firm has also announced its net profit after tax of Rs. 81.45 Cr in the most recent quarter.

Outlook:

Hold Cyient Ltd (CYIE) with a target of Rs. 400.

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