Cyient DLM's share price dropped 13% on Monday's trade. Analysts reckon Q2 was a transitory modest quarter while the business seems well-poised for multi-year strong growth phase.
Cyient DLM's Q2 earnings showed that execution was slightly impacted by supply chain lead times and margins were softer while the order book was strong.
Thus far in the month of July, the stock price of Cyient DLM surged 58 per cent.
The Union Cabinet granted approvals to two key schemes: the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore, and ISM 2.0 with a budgeted outlay of ₹1.3 trillion.
Share price of Cyient DLM hit a 52-week high of ₹546.55, rallying 9 per cent on the BSE in Tuesday's intra-day deals.