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The Economic Times
Prabhudas Lilladher initiates coverage on 2 midcap IT stocks with with 6.5% upside potential
Domestic brokerage Prabhudas Lilladher has initiated coverage on Cyient and Persistent Systems, highlighting mid-cap IT companies' premium over large caps. They expect improved sentiment and increased discretionary spending by late FY25 or early FY26 to boost mid-cap IT performance.
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Wed, Aug 28, 2024
Business Standard
Cyient stock rallies up to 4% on incorporating wholly owned subsidiary
The rise in the Cyient share price came after the company announced that it has incorporated Cyient Semiconductors Private Limited as a wholly owned subsidiary of the company.
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Mon, Aug 26, 2024
The Economic Times
Cyient sets up a new subsidiary for its semiconductor business
Cyient Ltd launched a semiconductor subsidiary focusing on ASIC design/manufacturing with a fabless model. Mr. Krishna Bodanapu anticipates a trillion-dollar market by 2030. Cyient DET/DLM drive growth. Key factors include India’s Rs 1.26 lakh crore semiconductor proposals, Micron's OSAT unit, and incentives. Semiconductors are crucial in defense, automotive, and telecom sectors.