Cyient rose 6.12% to Rs 621.80 at 15:27 IST on BSE after consolidated net profit rose 9.25% to Rs 98.52 crore on 13.32% increase in total income to Rs 800.53 crore in Q2 September 2015 over Q2 September 2014.
The result was announced during trading hours today, 15 October 2015.
Meanwhile, the BSE Sensex was up 222.29 points, or 0.83%, to 27,001.95.
On BSE, so far 1.03 lakh shares were traded in the counter, compared with an average volume of 7,651 shares in the past one quarter.
The stock hit a high of Rs 641 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 575 so far during the day. The stock hit a 52-week low of Rs 440.70 on 17 October 2014.
The stock had underperformed the market over the past one month till 14 October 2015, sliding 1.28% compared with 3.57% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 4.18% as against Sensex's 4.13% decline.
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The mid-cap company has an equity capital of Rs 56.24 crore. Face value per share is Rs 5.
Cyient acquired 74% shareholding in Rangsons Electronics, India (and its wholly owned subsidiary Techno Tools Precision Engineering, India), on 4 February 2015. The company also acquired 51% shareholding in Invati Insights, India (and its wholly owned subsidiary Invati Insights LLC, USA), on 15 October 2014 and the same has been consolidated from 16 October 2014. Hence, the results for the quarter and half year ended 30 September 2015 and 30 September 2014 are not strictly comparable.
Cyient is a global provider of engineering, data analytics, network and operations solutions.
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