Cyient locked in decrease circuit on extinct steerage; HDFC Sec downgrades stock

Cyient locked in decrease circuit on extinct steerage; HDFC Sec downgrades stock

Shares of Cyient, the global engineering and technology solutions company, were locked in a 10 percent lower circuit on May 8 on weak revenue growth guidance for Q1FY21. HDFC Securities downgraded its rating to reduce.The stock lost 58 percent of its value in last three months. It was quoting at Rs 208.55, down 9.99 percent…

View More Cyient locked in decrease circuit on extinct steerage; HDFC Sec downgrades stock
Cyient Q4 secure earnings down over 74% to Rs Forty five.2 crore

Cyient Q4 secure earnings down over 74% to Rs Forty five.2 crore

IT firm Cyient on Thursday reported a 74.4 percent decline in consolidated net profit at Rs 45.2 crore for March 2020 quarter. The Hyderabad-based company had posted a net profit of Rs 176.8 crore in the year-ago period, it said in a regulatory filing.Its revenue from operations also decreased 7.7 percent to Rs 1,073.6 crore…

View More Cyient Q4 secure earnings down over 74% to Rs Forty five.2 crore