Cyient is currently trading at Rs. 600.55, up by 17.00 points or 2.91% from its previous closing of Rs. 583.55 on the BSE.
The scrip opened at Rs. 583.00 and has touched a high and low of Rs. 605.25 and Rs. 577.20 respectively. So far 14,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 605.25 on 07-Dec-2017 and a 52 week low of Rs. 435.05 on 03-Mar-2017.
Last one week high and low of the scrip stood at Rs. 605.25 and Rs. 560.00 respectively. The current market cap of the company is Rs. 6,761.00 crore.
The promoters holding in the company stood at 22.18%, while Institutions and Non-Institutions held 63.50% and 14.31% respectively.
Cyient has entered into a non-exclusive business alliance with EA Technology, an energy technology company headquartered in Chester, United Kingdom. Through this agreement, both the entities will jointly pursue business opportunities globally, by leveraging their complementary skills, technical capabilities, and experience.
The alliance will provide asset management and decision support solutions and services for electric utilities. Under the agreement, Cyient will also provide project delivery and implementation services for EA Technology's Asset Investment Management (AIM) software solution.
Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders.