CYIENT Share Price Up by 14%; BSE IT Index Up 0.7%
January 22, 2021 09:52 AM

CYIENT share price has zoomed 14% and is presently trading at Rs 580.

Meanwhile, the BSE IT Index is at 26,601 (up 0.7%).

Among the top Gainers in the BSE IT Index today is CYIENT (up 14.0%).

ECLERX SERVICES (down 0.1%) and TECH MAHINDRA (down 0.7%) are among the top losers today.

Over the last one year, CYIENT has moved up from Rs 462 to Rs 580, registering a gain of Rs 118 (up 25.1%).

On the other hand, the BSE IT has moved up from 15,977 to 26,601, registering a gain of 10,624 points (up 66.4%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 180.9%), FIRSTSOURCE SOLUTIONS (up 131.7%) and PERSISTENT SYSTEMS (up 125.6%).

What About the Benchmark Indices?

The BSE Sensex is at 49,664 (up 0.1%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 4.2%), HCL TECHNOLOGIES (up 1.0%) and ASIAN PAINTS (up 1.0%). Other gainers include MARUTI SUZUKI (up 0.9%) and TCS (up 0.8%). The most traded stocks in the BSE Sensex are TATA STEEL and RELIANCE IND..

In the meantime, NSE Nifty is at 14,612 (up 0.1%). The top gainers in the NSE Nifty include BAJAJ AUTO (up 5.1%), TATA MOTORS (up 5.0%) and HERO MOTOCORP (up 3.3%). Other gainers include EICHER MOTOR (up 2.2%) and ADANI PORTS & SEZ (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,529 to 49,664, registering a gain of 8,135 points (up 19.57%).

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 2020, CYIENT reported 28.4% decrease in net profit to Rs 3.4 billion compared to net profit of Rs 4.8 billion during FY19.

Revenue of the company grew 4.1% to Rs 44 billion during FY20.

The current Price to earnings ratio of CYIENT, based on rolling 12 month earnings, stands at 19.2x.