Buy Mid Cap IT Stock For Double Digit Return, Rs 16/Share Dividend: Motilal Oswal

Motilal Oswal has recommended investors to buy mid cap IT Software stock, Cyient Limited with target price of Rs 1360 per share. Last trading price of Cyient is Rs 1159.40 per share with intraday gain of 6.23%. The stock traded new 52-week high on April 21, 2023. Board of directors of Cyient on April 20 recommended final dividend of Rs 16/share. If you buy Cyient stock, you can fetch potential gain of 17%. Check details below:

Cyient Limited Declares Final Dividend: According to the regulatory filing of the company, "This is to inform that the Board of Directors of the Company have recommended Final Dividend of INR 16/- per equity share (i.e 320 %) on par value of Rs. 5 per share, for the finanacial year 2022-23." The company is yet to intimate the record date for the aforementioned dividend.

Cyient Limited Stock Performance & Return: Last trading price of Cyient Limited is Rs 1159.60 apiece on BSE. The stock's 52-week high price is Rs 1194.10 per share and 52-week low price is Rs 724.00 per share, respectively.

The company has a market capitalisation of Rs 12,820.07 crore.

The stock rallied 53% in last 6-months, 39% in last 1-year, 70% in last 2-years, and 417% in last 3-years. In last 5-years, it witnessed a surge of 63%.

Cyient Limited About: Cyient is a consulting-led, industry-centric, global Technology Solutions company. It delivers its services and solutions to a diversified base of over 300 customers, including 29 Fortune 500 companies, across multiple industries, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.