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06 May 2021
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Environment
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Prabhudas Lilladhar
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Buy
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We also like Cyient given 1) strong revenue growth momentum in DLM, 2) 4QFY21. Strong demand momentum in Communications and Healthcare verticals resulted in higher than pre-covid level revenues in these segments in FY21. Though transportation showed strong recovery in 2HFY22, but is still not back to pre-covid levels. Within this segment, there is strong pickup in automotive reflected by numerous large deals won by LTTS (2 deals), Tata Elxsi (2 deals) and KPIT (5 deals) in this domain segment. LTTS management mentioned that spends are close to pre-covid levels in US and are recovering...
|
|
06 May 2021
|
Environment
|
Prabhudas Lilladhar
|
|
|
|
|
Buy
|
|
|
We also like Cyient given 1) strong revenue growth momentum in DLM, 2) 4QFY21. Strong demand momentum in Communications and Healthcare verticals resulted in higher than pre-covid level revenues in these segments in FY21. Though transportation showed strong recovery in 2HFY22, but is still not back to pre-covid levels. Within this segment, there is strong pickup in automotive reflected by numerous large deals won by LTTS (2 deals), Tata Elxsi (2 deals) and KPIT (5 deals) in this domain segment. LTTS management mentioned that spends are close to pre-covid levels in US and are recovering...
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