Cyient soars on reporting 24% growth in Q2 consolidated net profit

17 Oct 2014

Cyient is currently trading at Rs. 473.40, up by 6.70 points or 1.44% from its previous closing of Rs. 466.70 on the BSE.

The scrip opened at Rs. 466.00 and has touched a high and low of Rs. 477.60 and Rs. 440.70 respectively. So far 21703 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 512.20 on 16-Oct-2014 and a 52 week low of Rs. 218.00 on 23-Oct-2013.

Last one week high and low of the scrip stood at Rs. 512.20 and Rs. 440.00 respectively. The current market cap of the company is Rs. 5285.55 crore.

The promoters holding in the company stood at 22.27% while Institutions and Non-Institutions held 47.83% and 29.91% respectively.

Cyient has reported 6.85% rise in its net profit at Rs 70.36 crore for the quarter under review as compared to Rs 65.85 crore for the same quarter in the previous year. Total income of the company has increased 10.83% at Rs 356.54 crore for Q2FY15 as compared Rs 321.71 crore for the corresponding quarter previous year.

On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review registered 24.44% growth at Rs 90.18 crore against Rs 72.47 crore in the September quarter of previous fiscal. The company’s total income has increased by 26.78% at Rs 706.43 crore for the quarter under review from Rs 557.21 crore in the similar quarter of previous year.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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