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.