Cyient soars 15% on expectation of margin improvement in March quarter

The management said it expects sequential improvement in margins in Q4FY21 driven by the increase in volume and improvement in operational efficiencies

Cyient shares soared 15 per cent to Rs 584 on the BSE on Friday in intra-day trade on the back of heavy volumes after the company's management said it expects sequential improvement in margins in the January-March quarter (Q4FY21), driven by the increase in volume and improvement in operational efficiencies. The stock of the information technology (IT) & software company was quoting at its fresh 52-week high level.

In the October-December quarter (Q3FY21), Cyient reported 13.8 per cent quarter on quarter (QoQ) growth in consolidated net profit at Rs 95.40 crore on the back of higher other income. Consolidated