Cyient fell 5.64% to Rs 454.95 at 14:34 IST on BSE, with the stock extending Thursday's losses triggered by the company announcing weak Q4 March 2016 results.
Meanwhile, the S&P BSE Sensex was down 84.65 points or 0.33% at 25,795.73.
On BSE, so far 28,000 shares were traded in the counter as against average daily volume of 4,812 shares in the past one quarter. The stock hit a high of Rs 473.10 and a low of Rs 451 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 21 April 2016, gaining 10.57% compared with Sensex's 2.35% rise. The scrip had also outperformed the market in past one quarter, advancing 11.08% as against Sensex's 8% rise.
The mid-cap company has equity capital of Rs 56.24 crore. Face value per share is Rs 5.
Shares of Cyient have declined 9.36% in two trading sessions from its close of Rs 501.95 on 20 April 2016, after the company reported weak Q4 March 2016 results during market hours yesterday, 21 April 2016. The stock had dropped 3.94% to settle at Rs 482.15 on that day.
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 is a global provider of engineering, data analytics, network and operations solutions.
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