CYIENT Surges by 8%; BSE IT Index Down 2.4%
March 25, 2020 10:56 AM

CYIENT share price has zoomed 8% and is presently trading at Rs 236.

Meanwhile, the BSE IT Index is at 12,256 (down 2.4%).

Among the top Gainers in the BSE IT Index today is CYIENT (up 8.0%).

Over the last one year, CYIENT has moved down from Rs 666 to Rs 236, registering a loss of Rs 430 (down 64.7%).

On the other hand, the BSE IT has moved down from 15,109 to 12,256, loss of 2,853 points (down 22.6%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 27,299 (down 0.2%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 6.4%), MARUTI SUZUKI (up 5.9%) and NESTLE (up 3.7%). Other gainers include BHARTI AIRTEL (up 2.8%) and TECH MAHINDRA (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and HDFC BANK.

In the meantime, NSE Nifty is at 7,980 . The top gainers in the NSE Nifty include MARUTI SUZUKI (up 6.8%), RELIANCE IND. (up 6.6%) and GRASIM (up 5.0%). Other gainers include BRITANNIA (up 4.5%) and CIPLA (up 3.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,299, registering a loss of 10,510 points (down 29.56%).

CYIENT Financial Update...

CYIENT net profit stood at Rs 1 billion for the quarter ended December 2019, compared to a profit of Rs 924 million a year ago. Net Sales declined 6.9% to Rs 11.1 billion during the period as against Rs 11.9 billion in October-December 2018.

For the year ended March 2019, CYIENT reported 13.3% increase in net profit to Rs 4.8 billion compared to net profit of Rs 4.2 billion during FY18.

Revenue of the company grew 17.9% to Rs 46 billion during FY19.

The current Price to earnings ratio of CYIENT, based on rolling 12 month earnings, stands at 5.5x.