Cyient drops on profit booking

Cyient fell 1.64% to Rs 519.35 at 14:45 IST on BSE on profit booking after gaining 7.15% in six trading days to settle at Rs 528 yesterday, 25 August 2016 from its close of Rs 492.75 on 17 August 2016.

Meanwhile, the S&P BSE Sensex was down 68.36 points or 0.25% at 27,767.55

On BSE, so far 1,045 shares were traded in the counter as against average daily volume of 4,706 shares in the past one quarter. The stock hit a high of Rs 529.70 and a low of Rs 519 so far during the day. The stock had hit a record high of Rs 641 on 15 October 2015. The stock had hit a 52-week low of Rs 370.50 on 12 February 2016. The stock had outperformed the market over the past 30 days till 25 August 2016, rising 9.38% compared with Sensex's 0.67% fall. The scrip had also outperformed the market in past one quarter, advancing 13.48% as against Sensex's 4.44% rise.

The mid-cap company has equity capital of Rs 56.27 crore. Face value per share is Rs 5.

Shares of Cyient had gained 1.44% to settle at Rs 522.90 after the company scheduled a board meeting on 29 August 2016 to consider the declaration of special dividend to commemorate the company's silver jubilee. The announcement was made during market hours on 24 August 2016. The stock rose 0.98% to settle at Rs 528 yesterday, 25 August 2016.

Cyient's consolidated net profit rose 11.97% to Rs 73.97 crore on 0.06% fall in total income to Rs 841.20 crore in Q1 June 2016 over Q4 March 2015.

Cyient provides engineering solutions, process, network and content engineering to major organizations worldwide.

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