“As expected, Cyient DLM made an outstanding entry in the secondary market at a listing price of Rs 403. The issue price of the IPO at the upper band was Rs 265; hence, it listed at a premium of 52%. Cyient DLM is a fundamentally strong company, has a strong track record of growth, and is well-positioned to benefit from the growing demand for digital manufacturing solutions. We will not recommend a fresh Buy at this level. However, existing investors can hold the shares for the long term with a stop loss at 362.7, as the company has good growth prospects,” said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart Ltd.Read more:
