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April 24, 2024 / 10:03 AM IST PRO Only Highlights Highlights Cyient DLM (CMP: Rs 686.50; Market capitalisation: Rs 5,574 crore; Rating: Overweight) posted a strong revenue growth of 12.7 percent quarter on quarter (QoQ) and 30.4 percent year on year (YoY) in Q4FY24, led by a robust performance of the defence segment. The
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Read Now Rising defence spending and aerospace modernisation are the key themes that are going to translate into a strong growth for the company
The stock has corrected recently with broader small- and mid-cap corrections
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Quarterly performance largely backed by improved realisations
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Medium-term triggers China plus and protectionist measures for tyre industry
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Valuations not inexpensive; but improved medium-term outlook
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