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Cyient inches up on entering into long-term agreement with thyssenkrupp Elevator

08 Mar 2017

Cyient is currently trading at Rs. 471.50, up by 0.20 points or 0.04% from its previous closing of Rs. 471.30 on the BSE.

The scrip opened at Rs. 471.00 and has touched a high and low of Rs. 471.50 and Rs. 469.00 respectively.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 555.00 on 13-Oct-2016 and a 52 week low of Rs. 398.70 on 16-Mar-2016.

Last one week high and low of the scrip stood at Rs. 480.35 and Rs. 435.05 respectively. The current market cap of the company is Rs. 5,307.00 crore.

The promoters holding in the company stood at 22.18%, while Institutions and Non-Institutions held 64.64% and 13.17% respectively.

Cyient has entered into a long-term agreement with thyssenkrupp Elevator, a global market leader in passenger transportation systems, to support its MAX platform. MAX is the world’s first real-time, cloud-based predictive maintenance solution and a game changer for the elevator industry.

Cyient’s advanced analytics and big data solutions will be integrated into MAX to help deliver predictive maintenance solutions.

Cyient, formerly Infotech Enterprises is a company focused on engineering, networks and operations. The company features among the top outsourcing companies in the world.

Related Cyient Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323