Cyient tumbles after announcing poor Q4 results

Cyient fell 4.56% to Rs 479.05 at 15:22 IST on BSE after consolidated net profit dropped 29.49% to Rs 66.06 crore on 11.75% growth in net total income from operations to Rs 815.84 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours today, 21 April 2016.

Meanwhile, the S&P BSE Sensex was up 28.33 points or 0.11% at 25,872.51.

On BSE, so far 47,000 shares were traded in the counter as against average daily volume of 4,082 shares in the past one quarter. The stock hit a high of Rs 510 and a low of Rs 477 so far during the day. The stock had hit a 52-week low of Rs 370.50 on 12 February 2016. The stock had hit a record high of Rs 641 on 15 October 2015. The stock had outperformed the market over the past one month till 20 April 2016, surging 18.4% compared with the Sensex's 3.57% rise. The scrip had also outperformed the market in past one quarter, advancing 20.89% as against Sensex's 7.41% rise.

The mid-cap company has equity capital of Rs 56.24 crore. Face value per share is Rs 5.

Cyient is a global provider of engineering, data analytics, network and operations solutions.

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