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Cyient Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 19206.47 Crore) operating in IT Software sector.

FMCG major Hindustan Unilever Ltd (HUL) has reported a 4% growth in its standalone net profit at Rs 2,717 crore for the quarter ended September 2023.

A host of brokerages are bullish on several stocks from different sectors, such as banking, and oil & gas.

The stock quoted a 52-week high of Rs 932.35 and a 52-week low of Rs 690.9.

For weeks, traders have been watching for a possible intervention by Japanese officials to combat a sustained depreciation in the yen, down 12.5% against the dollar this year.

“Our pipeline is very strong. We are closing deals every quarter. But having said that, we need to also account for the fact that many of the deals the decision cycles are very long. That is something which is worrying us and typically there is always a budget flush in Q3 because clients try to spend a little more but this particular year, we are not seeing that.”

“People are coming back to the cinemas to consume all kinds of content, all languages and also all medium, small, big films and this is leading to higher admissions and higher occupancies, which is able to deliver these results. The spend per head (SPH) in this quarter that we define it by is about Rs. 136, which has gone up by almost 15%.”

“Globally, the risk of one more rate hike and higher for longer could keep interest rates higher in the US. That is what the hardening bond yield in the US is indicating. Indian markets should be resilient. I do not see much downside but the upside would depend on the earnings delivery and that would lead to a stock specific action.”

SoftBank, through its affiliate SVF Growth Singapore Pte, has sold a 1.09% equity stake in Zomato in a bulk deal worth Rs 1,040.5 crore. This comes after SoftBank offloaded a 1.17% stake in Zomato in August. The Japanese investor has been reducing its stake in Zomato as the lock-in period for the post-Blinkit deal ended in August. SoftBank has also been reducing stakes in other companies, including PB Fintech and Paytm.