Cyient rose 1.85% to Rs 494.30 at 14:28 IST on BSE after Seafarer Overseas Growth and Income Fund bought 9.36 lakh shares of the company at Rs 482.99 per share in a bulk deal on the NSE yesterday, 7 June 2016.
Meanwhile, the S&P BSE Sensex was down 12.37 points or 0.05% at 26,997.30.
On BSE, so far 4,289 shares were traded in the counter as against average daily volume of 2,635 shares in the past two weeks. The stock hit a high of Rs 503.80 and a low of Rs 488 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.
Cyient's consolidated net profit dropped 29.5% to Rs 66.06 crore on 11.8% growth in net sales to Rs 815.84 crore in Q4 March 2016 over Q4 March 2015.
Cyient provides engineering solutions, process, network and content engineering to major organizations worldwide.
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