KR Choksey has initiated coverage on Cyient DLM Ltd with a “Buy” rating and a 12-month target price of Rs 842, indicating an 18% upside from its current market price of Rs 713.
Cyient DLM stock has listed with impressive gains of 52 percent to primary market investors today. Cyient DLM stock opened trading at Rs 403, making it another successful IPO this year.
Cyient DLM IPO has witnessed strong investor interest in the primary market. As per exchange data, Cyient DLM IPO has been subscribed 9.8 times the retail investor portion on its debut day.
