Cyient is currently trading at Rs. 407.85, up by 6.90 points or 1.72% from its previous closing of Rs. 400.95 on the BSE.
The scrip opened at Rs. 409.20 and has touched a high and low of Rs. 415.00 and Rs. 406.00 respectively.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 514.00 on 06-Feb-2020 and a 52 week low of Rs. 184.15 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 416.05 and Rs. 377.70 respectively. The current market cap of the company is Rs. 4409.30 crore.
The promoters holding in the company stood at 23.25%, while Institutions and Non-Institutions held 56.71% and 20.04% respectively.
Cyient has signed a definitive agreement to acquire the 100% stake in Integrated Global Partners (IG), an Australia based technology consultancy company. The rationale for acquisition are gaining access to decision makers with global mining majors, acceleration in Cyient’s mining strategy and positioning Cyient as a digital transformation leader in the market. The time required for completion may range up to 6 months depending on when the Foreign Investment Review Board (FIRB) approval is granted.
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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