CYIENT Share Price Up by 6%; BSE IT Index Up 0.4%
November 19, 2020 09:28 AM

CYIENT share price has zoomed 6% and is presently trading at Rs 467.

Meanwhile, the BSE IT Index is at 21,513 (up 0.4%).

Among the top Gainers in the BSE IT Index today is CYIENT (up 5.7%).

TATA ELXSI and FIRSTSOURCE SOL. (down 0.1%) are among the top losers today.

Over the last one year, CYIENT has moved up from Rs 396 to Rs 467, registering a gain of Rs 71 (up 16.6%).

On the other hand, the BSE IT has moved up from 15,211 to 21,513, registering a gain of 6,302 points (up 41.3%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 95.5%), MINDTREE (up 90.5%) and INFIBEAM AVENUES (up 88.2%).

What About the Benchmark Indices?

The BSE Sensex is at 43,995 (down 0.4%).

The top gainers among the BSE Sensex stocks today are TCS (up 1.5%), BAJAJ FINSERV (up 1.1%) and TATA STEEL (up 0.9%). Other gainers include RELIANCE IND. (up 0.7%) and BAJAJ FINANCE (up 0.7%). The most traded stocks in the BSE Sensex are NTPC and RELIANCE IND..

In the meantime, NSE Nifty is at 12,898 (down 0.3%). The top gainers in the NSE Nifty include HERO MOTOCORP (up 4.3%), BAJAJ FINSERV (up 2.5%) and BPCL (up 2.1%). Other gainers include TATA STEEL (up 1.9%) and BAJAJ FINANCE (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,284 to 43,995, registering a gain of 3,711 points (up 9.19%).

CYIENT Financial Update...

CYIENT net profit down at Rs 839 million for the quarter ended September 2020, compared to a loss of Rs 1 billion a year ago. Net Sales declined 9.3% to Rs 10.0 billion during the period as against Rs 11.1 billion in July-September 2019.

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 15.4x.