Cyient

The rise in the share price followed the announcement of appointing Sukumal Banerjee as executive director and chief executive officer of its DET business, effective February 19, 2025

Market insiders reveal that bears are homing in on vulnerable stocks with lofty valuations, promoter share pledging, and negative news triggers

Cyient's profit fell 31.7 per cent quarter-on-quarter (Q-o-Q) to Rs 122.3 crore in Q3FY25, from 179.1 crore in the September quarter of financial year 2025 (Q2FY25)

Its profit declined to Rs 122 crore ($14.12 million) for the three months ended Dec. 31, from Rs 147 crore a year ago

The acquisition is part of the company's strategic expansion of its semiconductor business. In July last year, the company announced the establishment of a fully owned subsidiary

The rise in the Cyient share price came after the company announced that it has incorporated Cyient Semiconductors Private Limited as a wholly owned subsidiary of the company.

Private equity firm General Atlantic has exited PNB Housing Finance, selling its entire 5.13 per cent stake in the company on Wednesday

Shares of engineering research and development firm fell as much as 8.99 per cent at 1724 per share on the BSE in Friday''s intraday trade

The uptick in stock price came after the company announced the strategic expansion of its semiconductor business with the establishment of a fully owned subsidiary

Following a correction of roughly 60 points, equating to a notable 7 per cent downturn, Aether has shifted its course away from the prior support mark of Rs 800

Except KPIT, which is continuing to benefit from tailwinds in the automotive sector and strategic partnerships with OEMs, most E&RD players saw either flat or declining margins on a sequential basis

The company's digital, engineering and technology segment accounted for 80% of its overall revenue

The Hyderabad-headquartered company's consolidated net profit dropped 2% to 1.53 billion rupees ($18.42 million) for the quarter ended Dec. 31

The revenue from operations for Q2FY24 came in at Rs 1778.5 crore, compared to Rs 1396.2 crore year-on-year

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

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

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.

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 .

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.

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