Cyient rises on expanding strategic relationship with United Technologies Corporation

08 Jun 2017

Cyient is currently trading at Rs. 542.50, up by 17.50 points or 3.33% from its previous closing of Rs. 525.00 on the BSE.

The scrip opened at Rs. 540.10 and has touched a high and low of Rs. 549.95 and Rs. 534.30 respectively. So far 4,011 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 564.40 on 03-May-2017 and a 52 week low of Rs. 416.05 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 549.95 and Rs. 497.00 respectively. The current market cap of the company is Rs. 6,059.00 crore.

The promoters holding in the company stood at 22.18%, while Institutions and Non-Institutions held 64.25% and 13.57% respectively.

Cyient’s subsidiary Cyient DLM (formerly known as Rangsons) has been qualified as an approved product supplier to UTC Aerospace Systems. This expands Cyient’s 15 years relationship with United Technologies Corporation (UTC) as a valued engineering service provider.

Besides, Cyient and UTC also extended the master terms agreement through 2020, enabling Cyient to provide technical services to UTC company-wide. With the qualification of DLM, the portfolio of offerings to UTC now includes both services and product development.

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


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Cyient Share Price

267.50 0.55 (0.21%) Jul 06, 17:35
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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