Money raised will be mostly used in working capital needs, debt repayment and small amount for capital expenditure as well as for inorganic growth.
Even the IPOs that are currently active are also getting a great response.
Continued strong sequential growth momentum and expectation of qualitative commentary on growth beyond FY22 should help sustain the rally in IT stocks
Motilal Oswal also retained 'Buy' on the Hyderbad-based IT firm with a target price of Rs 810
On a consolidated basis, Cyient’s net profit rose 8.07% to Rs 103.10 crore on 4.67% rise in net sales to Rs 1,093.10 crore in Q4 FY21 over Q3 FY
Here is the list of top stocks that could be in focus on April 23.
Here is the list of top stocks that could be in focus on April 15.