Cyient is currently trading at Rs. 470.15, up by 4.95 points or 1.06% from its previous closing of Rs. 465.20 on the BSE.
The scrip opened at Rs. 465.75 and has touched a high and low of Rs. 477.00 and Rs. 451.25 respectively. So far 5728 shares were traded on the counter.
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. 5248.41 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 been selected by Liberty Global, the world's largest international cable TV and broadband company, to support its new Gigaworld initiative to bring Gigabit broadband speeds to its operations in Europe. Announced in November 2016, Liberty Global's GIGAWorld initiative seeks to bring broadband speeds of one gigabit and more to tens of millions of households across Europe. Around 50 million homes in Europe have access to Liberty Global's fiber-based ‘GIGAReady’ networks today.Liberty Global expects that millions more will be connected over the coming years.
With capabilities in delivering FTTP (fiber-to-the-premise) and HFC (hybrid-fiber coaxial) planning and design services, Cyient will support Liberty Global in its goal for faster provisioning of next-generation broadband services to existing and new customers.