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
Metropolis Healthcare, Alembic Pharma and Tejas Networks are the other 3 stocks to witness a 'Death Cross' on the chart in recent days; technically this is a negative development for these stocks.
Chart shows that stocks like Cyient, Rajesh Exports, Mahindra Life, SW Solar and Gujarat Pipavav have tumbled up to 81 per cent from the highs in around last two years; Bias remains negative.
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
Derivatives market data shows FIIs net sold 78,868 contracts of Nifty futures in first 4 trading days of Jan series while OI rose 74,992 contracts; thus implying build-up of short positions in Nifty.
On the other hand, Cyient, CAMS, Hero MotoCorp, ICICI General Insurance, Jio Financial Services witness short build-up in trades on Monday.
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
Cyient share price surged 7 per cent at Rs 1,900 per share on the BSE in Friday's intraday deals