Cyient DLM stock is witnessing a decline of more than 14% on Wednesday. Pressure was seen in this stock today from the initial trading. Actually, the company has released the results of the December quarter, after which this pressure is being seen in the results. The company has recently acquired Altek. Therefore, excluding this business, there has been a decline of 11% in income during the December quarter. At the same time, there has been a growth of 12% in profits.

Brokerage firm JM Financial has said in its report on this stock that the order book remains a concern for the company. In the December quarter, Cyient DLM's order book fell 7% year-on-year to Rs 2,120 crore. This figure has received some support due to fast execution of low-margin orders. But, there is weakness in order inflow.

Talking about the positives of this result, the brokerage firm said that EBITDA will see improvement from the fourth quarter. The company has almost completed the low-margin defense order . Guidance has been given for income CAGR of 30%

by the financial year 2024 - 27. There is no change in the guidance this time. The brokerage firm had set a target price of ₹ 740 per share with a BUY rating on Cyient DLM. Cyient DLM's stock has seen a decline of 32% during the last one year. Kotak Institutional Equities said in its report on this stock that the adjusted EBITDA was Rs 36 crore, which is about 10% less than the estimate. This does not include one-time M&A. Adjusted PAT is also less than the estimate. Also, concerns about weak outflow continue. This brokerage firm has reduced the target price on the stock from ₹ 620 to ₹ 560 per share . Motilal Oswal said that Cyient DLM may see a slowdown in the short term. This has been seen due to low order inflow. However, Altek integration may improve the financial performance of the company. This brokerage firm has set a target of ₹ 700 per share on the stock.