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

Share of Cyient were locked in the 10 per cent lower circuit band, at Rs 209, on the BSE on Friday at 01:28 pm after the company’s March quarter (Q4F20) performance came below expectations on, both, revenue and margin terms largely due to the impact of Covid-19.

A combined 2.65 million equity shares have changed hands on the counter till the time of writng of this report, and there were pending sell orders for around 82,000 shares on the NSE and BSE. The stock of the IT consulting and software firm was trading close to its 52-week low of Rs 200