CYIENT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | CYIENT | Market Cap | 9,687 Cr. | Current Price | 872 ₹ | High / Low | 1,377 ₹ |
| Stock P/E | 30.3 | Book Value | 323 ₹ | Dividend Yield | 2.98 % | ROCE | 16.8 % |
| ROE | 8.70 % | Face Value | 5.00 ₹ | DMA 50 | 919 ₹ | DMA 200 | 1,096 ₹ |
| Chg in FII Hold | 0.05 % | Chg in DII Hold | 1.47 % | PAT Qtr | 78.4 Cr. | PAT Prev Qtr | 89.5 Cr. |
| RSI | 46.3 | MACD | -2.09 | Volume | 6,31,956 | Avg Vol 1Wk | 7,55,730 |
| Low price | 750 ₹ | High price | 1,377 ₹ | PEG Ratio | -13.1 | Debt to equity | 0.01 |
| 52w Index | 19.4 % | Qtr Profit Var | -34.3 % | EPS | 13.9 ₹ | Industry PE | 26.0 |
📊 CYIENT is trading below both its 50 DMA (919 ₹) and 200 DMA (1,096 ₹), signaling weak technical structure. RSI at 46.3 indicates neutral-to-bearish momentum, while MACD at -2.09 confirms negative crossover. Current volume (6,31,956) is lower than average (7,55,730), showing reduced participation. Bollinger Bands suggest price leaning toward the lower band, pointing to consolidation with bearish bias.
🎯 Entry Zone: 860 ₹ – 880 ₹ (support near 872 ₹)
💰 Exit Zone: 940 ₹ – 960 ₹ (resistance near 960 ₹)
🔄 Trend Status: Consolidating with bearish undertones
Positive
- Dividend yield of 2.98% adds investor appeal.
- Low debt-to-equity ratio (0.01) ensures financial stability.
- DII holdings increased (+1.47%), reflecting domestic institutional confidence.
- EPS of 13.9 ₹ provides earnings visibility.
Limitation
- Trading below both 50 DMA and 200 DMA indicates weak technical structure.
- ROE (8.70%) and ROCE (16.8%) are modest compared to peers.
- Quarterly PAT decline (89.5 Cr → 78.4 Cr) highlights earnings pressure.
- PEG ratio (-13.1) reflects poor growth-adjusted valuation.
Company Negative News
- Sequential profit decline (-34.3%) raises concerns about operational performance.
- FII holdings showed only marginal increase (+0.05%), reflecting cautious foreign sentiment.
Company Positive News
- DII inflows (+1.47%) show strong domestic institutional support.
- Dividend yield and low debt profile support long-term stability.
Industry
- Industry PE at 26.0 is lower than CYIENT’s P/E (30.3), suggesting relative overvaluation.
- IT services sector faces cyclical earnings pressure but retains long-term demand potential.
Conclusion
⚖️ CYIENT is consolidating with bearish undertones, trading below key moving averages. Short-term trades should focus on entry near 860–880 ₹ with exits around 940–960 ₹. Sustained recovery above 50 DMA is required for trend reversal. Long-term investors may hold due to dividend yield and low debt, but caution is warranted given weak profitability and declining earnings.
This is the short-term technical view. If you’d like, I can also prepare a long-term investment outlook for CYIENT, focusing on growth sustainability, dividend strength, and sector benchmarking.