Services business: Cyient reiterated its FY17 outlook of a double digit growth in the services business, in-line with our forecast of 11.9% YoY growth in US$. Importantly, Cyient is targeting to maintain the growth momentum in FY18 and has good visibility for the same. Cyient expects the growth to be led by the growth in top-10 clients and supported by top11-20 clients. It expects the large verticals to drive the growth and its outlook is as follows: Aerospace & Defense (35.6% of revenue) Cyient has maintained its positive outlook on this segment and sees strong traction in manufacturing engineering and post production/ maintenance/repairs solutions in Aerospace. It also has a positive outlook for the defense...