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.

Published on April 26, 2019
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