Cyient Limited

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 hits 52-week high on pact with Thingtrax; stock surges 7% in 3 days

Last month, electronic Manufacturing Services (EMS) firm Cyient DLM, a subsidiary of Cyinet, filed preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an IPO.

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

Cyient DLM files preliminary papers worth Rs 740 cr with Sebi through IPO

Electronic Manufacturing Services (EMS) firm Cyient DLM Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an Initial Public Offering (IPO). The initial share-sale is purely a fresh issue of equity share with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). The company may consider issuance of securities aggregating up to Rs 148 crore in a pre-IPO placement round. 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. Cyient DLM, a subsidiary of Cyient, is the leading integrated EMS and solutions provider with a focus on the entire life cycle of a product, including design, build and maintenance. It has three state manufacturing facilities in Hyderabad, Bengaluru and Mysore. The India EMS is a sizable industry, contributing to 2.2 pe

Top IT services firm hit the pause button on hiring amid weak earnings

However, fears of an impending recession and declining profitability have together contributed in the change of mood for these IT services companies, along with their approach

Valuation concerns limit upsides for L&T Tech and Tata Elxsi stocks

Cyient also disappointed on the revenue front, with 8 per cent year-on-year (YoY) organic growth

Stocks to Watch: RIL, ITC, CRISIL, PVR, GSFC, RBL Bk, Hindustan Zinc, Sugar

Stocks to Watch Today: Bandhan Bank, Compton Greaves, HDFC AMC, HFCL, JSW Steel, Reliance Industries and UltraTech Cement to announce Q1 results on Friday.

Cyient to acquire Singapore-based Grit Consulting for Rs 284 crore

IT company Cyient on Thursday said it will acquire Singapore-based Grit Consulting for $37 million in an all-cash deal.

IT company Cyient to acquire Finland-based Citec for nearly Rs 800 cr

Cyient said that it will be the largest outbound acquisition by an Indian engineering services company and even the company's largest acquisition to date

Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs

Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent

Cyient partners with IIT-Hyderabad for 5G networks research collaboration

As part of the collaboration, Cyient will leverage a 5G core developed by IIT-Hyderabad for testing various digital use cases and interoperability with components

Indian engineering firm Cyient plans to sell stake in underperforming units

'We are aggressively considering what makes sense in our portfolio,' Cyient Managing Director Krishna Bodanapu said

Cyient plans to build software for telcos rolling out 5G networks

The IT company is set to compete with the likes of Tech Mahindra, Altiostar, Rakuten

Cyient gets Australia's FIRB clearance, acquisition of IG Partners done

Cyient on Friday said it has received nod from the Foreign Investment Review Board (FIRB) of Australia, and has completed the acquisition of Australian consulting firm IG Partners.

Cyient gains 5% as Q2 consolidated Ebit margin grows 586 bps QoQ to 11%

In the past month, Cyient has underperformed the market by falling 13 per cent, as compared to a 1.5 per cent rise in the S&P BSE Sensex till Thursday.

Cyient zooms 9% on better-than-expected Q1 performance, positive outlook

The company's Ebit came in at Rs 50.2 crore, up 10.6 per cent than Rs 45.4 crore reported in Q4FY20

Cyient reports worst quarter nos in decade; stock dips 11% to hit 52-wk low

Cyient's Q1FY20 revenue of USD 157 million de-grew by 5.2% QoQ, was worst sequential performance in the past 10 years.

HCL Technologies, Cyient refute claims in Boeing 737 MAX report

Indian engineers were blamed for faults in planes that crashed

Ex-US ambassador Vinai Thummalapally joins Cyient's board

Appointment became effective since April 20