Shares of IT firm Cyient today surged nearly 10 per cent after the company posted 16.2 per cent rise in net profit for the quarter ended on March 31, 2018.
The stock jumped 9.40 per cent to settle at Rs 708.45 on BSE. During the day, it soared 13.38 per cent to its 52-week high of Rs 734.25.
On NSE, shares of the company surged 9.75 per cent to close at Rs 710.15.
The company's market valuation went up by Rs 685.86 crore to Rs 7,976.86 crore.
On the equity volume front, 2.76 lakh shares of the company were traded on BSE and over 40 lakh shares changed hands on NSE during the day.
Cyient yesterday posted 16.2 per cent rise in net profit at Rs 121.5 crore for the quarter ended on March 31, 2018, compared to the year-ago period.
The Hyderabad-based company had posted a net profit of Rs 104.6 crore in the corresponding quarter a year ago, Cyient said in a statement.
Its revenue increased 12.8 per cent to Rs 1,061.8 crore in the said quarter against Rs 941 crore in the year-ago period.
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