Page 2 - Cyient

Cyient surges 140% so far in CY23; Cyient DLM zooms 179% over issue price

Shares of Cyient and its subsidiary Cyient DLM hit their respective all-time highs on Tuesday as they rallied up to 19 per cent on the BSE in the intraday trade

India's Cyient posts Q1 profit jump but misses estimates as costs rise

Cyient Ltd reported a 45% rise in quarterly profit that just missed analysts' estimates as rising expenses at the engineering and IT services company offset strong order pipeline

Cyient DLM makes strong debut; stock lists at 52% premium over issue price

The stock was listed at Rs 403, a 52 per cent premium over its issue price of Rs 265 per share on the National Stock Exchange.

Cyient DLM IPO to open on Jun 27, sets price band at Rs 250-265 per share

Electronic manufacturing services firm Cyient DLM Ltd on Thursday said it has fixed a price band of Rs 250-265 per share for its initial public offering (IPO), which will open for subscription on June 27. The initial share sale will conclude on June 30 and the bidding for anchor investors will open on June 26, the company said in a statement. Cyient DLM's IPO is a purely fresh issue of equity shares aggregating up to Rs 592 crore with no offer for sale (OFS) component. The company has already undertaken a private placement of 40.75 lakh equity shares worth Rs 108 crore. Funds raised through the IPO would be utilised for funding incremental capital requirements, capital expenditure, debt payment, achieving inorganic growth through acquisitions as well as for general corporate purposes. The company said that 75 per cent of the issue has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and the remaining 10 per cent for the retail .

Cyient surges 9%, nears 52-week high on healthy business outlook

Thus far in the calendar year 2023 (CY23), the stock price of Cyient has zoomed 74 per cent, as against 2.5 per cent rise in the S&P BSE Sensex.

IT mid-caps stick to steady growth amid uncertain macroeconomic environment

Firms such as Persistent Systems (Persistent), Coforge, KPIT Technologies (KPIT), and Cyient performed better on key performance metrics

Nifty Smallcap index crosses 200-DMA; these 9 stocks may rally up to 40%

The Smallcap index seems poised to hit the 10,000-mark.

Cyient reports 48.3% surge in Q4 revenue on strong deal pipeline

Revenue from the services segment was at Rs 1,448 crore, up from Rs 984 crore a year earlier

Cyient shares jump 5% in mid-session trade after firm rejigs top leadership

Shares of Cyient on Wednesday jumped 5 per cent in the mid-session trade after the IT company rejigged its top management. The stock of the firm zoomed 5.07 per cent in the mid-session trade at Rs 1,045 apiece on the BSE. During the intra-day trade, the stock touched its 52-week high of Rs 1,049.80 per share. On the NSE, it climbed 4.97 per cent to Rs 1,044.15 per piece. In the mid-session trade, the 30-share BSE Sensex is trading 522.92 points or 0.88 per cent higher at 59,626.22 points. On Monday, IT company Cyient said that it has rejigged top management roles with the elevation of its managing director and CEO Krishna Bodanapu to the position of executive vice-chairman and MD.

Cyient rejigs top leadership, appoints Karthik Natarajan as CEO

IPO-bound IT company Cyient has rejigged top management roles with the elevation of its managing director and CEO Krishna Bodanapu to the position of executive vice-chairman and MD. The company has elevated executive director (ED) and Chief Operating Officer Karthik Natarajan as ED and CEO. "With immediate effect, Cyient's board of directors has appointed Krishna Bodanapu as Executive Vice Chairman and Managing Director of Cyient Limited. Karthikeyan (Karthik) Natarajan has been appointed as CEO and continues to be Executive Director of Cyient Limited," the company said in a statement. The board of directors of Cyient Limited had approved the reorganization of the company into two separate operating entities to foster their individual growth momentum. Subsequently, a Draft Red Herring Prospectus (DRHP) was filed to take the Design Led Manufacturing (Cyient DLM) business through an Initial Public Offer (IPO) with the Indian market regulator. Cyient has appointed President and Globa

Cyient reports 37% surge in Q3 revenue on back of slew of acquisitions

The company's design-manufacturing business Cyient DLM reported a 10.3% increase in revenue

New year cheer for indices! Sensex above 59K, up 929 pts; Nifty atop 17,600

The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5

Indices decline for 3rd straight week; Sensex slips 202 pts, ends below 48K

The overall market breadth remained in the favour of the bulls, courtesy rally in the broader markets

Stocks to watch: Nestle India, Hero Moto, ICICI Securities, Cyient, Lupin

Cyient, Tata Elxsi and 10 other companies will release their quarterly earnings on April 22

IT shares trade firm in a weak market; Cyient hits 52-week high, LTTS up 9%

Tata Elxsi, Larsen & Toubro Infotech, Wipro, Cigniti Technologies, Ramco Systems and Tech Mahindra were up in the range of 2 per cent to 6 per cent

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 reports 12% fall in net profit to Rs 95 crore for Dec quarter

IT firm Cyient on Thursday reported a 11.9 per cent decline in net profit at Rs 95.4 crore for the December 2020 quarter. The Hyderabad-based company had posted a net profit of Rs 108.3 crore in the year-ago period, Cyient said in a regulatory filing. Its revenue decreased 5.6 per cent to Rs 1,044.3 crore for the period under review as against Rs 1,106 crore in the third quarter of 2019-20, it added. On sequential basis, net profit was higher by 13.8 per cent from Rs 83.9 crore, while revenue was higher by 4.1 per cent from Rs 1,003.3 crore in September 2020 quarter. "PAT increased by 13.8 per cent quarter-on-quarter primarily from higher other income (Rs 126 million) partially offset by higher tax from higher profits and increase in finance charges," it said. In dollar terms, Cyient's revenue was at USD 141.4 million, up 4.7 per cent q-o-q and a de-growth of 8.9 per cent year-on-year, it said. "Q3 FY21 results are in line with our expectations, we recorded a revenue of USD 141.4

MARKET WRAP: Sensex ends 255 pts higher; financial, metal stocks advance

All that happened in the markets today

Nifty outlook & stock picks by Nilesh Jain of Anand Rathi: Buy FDC, Cyient

The momentum indicator for FDC has reversed from the overbought territory which hints of further positive momentum in the counter

Cyient locked in 10% lower circuit on lower-than-expected Q4 results

The company's March quarter (Q4F20) performance came below expectations on, both, revenue and margin terms largely due to the impact of Covid-19.