Stocks

Cyient sees best session in 7.5 months as Q4 profit surges

Reuters Hyderabad | Updated on April 26, 2019 Published on April 26, 2019

Shares of industrial services provider Cyient Ltd climb as much as six per cent to Rs 619.25.

The company posted a 45.5 per cent jump in the March-quarter’s consolidated profit on Thursday

“The company’s Q4 operating performance was better than our lowered expectations post a profit warning,” investment banking company, Morgan Stanley, said in a note

The stock has estimated a PE of 16.29. This is well below sector average of 18.33.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on April 26, 2019
This article is closed for comments.
Please Email the Editor