Cyient gains on inking exclusive software licensing agreement with Elpis

04 Oct 2017

Cyient is currently trading at Rs. 512.90, up by 6.00 points or 1.18% from its previous closing of Rs. 506.90 on the BSE.

The scrip opened at Rs. 512.70 and has touched a high and low of Rs. 519.30 and Rs. 509.40 respectively. So far 1,508 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. 524.30 and Rs. 494.10 respectively. The current market cap of the company is Rs. 5,763.00 crore.

The promoters holding in the company stood at 22.18%, while Institutions and Non-Institutions held 64.36% and 13.46% respectively.

Cyient has inked an exclusive software licensing agreement with Elpis Squared (Elpis). Through this agreement, Cyient and Elpis will jointly pursue utility business opportunities, by leveraging their complementing solutions and technology respectively. Elpis, a startup software company from Portland, OR, provides innovative machine learning meter and voltage signature technology.

The partnership will combine Cyient’s data governance management solution - Intelligent Data Management Solution (iDMS) - with Elpis’ innovative RE Grid platform to enhance the role of data in supporting electric utilities’ Advanced Distribution Management System (ADMS) and Asset Management programs.

Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.


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