Cyient gains 6% on 14.5% stake sale plan in subsidiary; Cyient DLM slips 3%

Quick Summary:

At 09:15 am, as many as 11.87 million equity shares, representing 14.

Cyient is one of the leading players in the IT-enabled services space, providing services to the Engineering Research and Development segment.

In June 2024 quarter (Q1FY25), the company saw a strong order intake in Connectivity and New growth areas and expects improvement in converting orders in Q2FY25.

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Article Details

Category: BusinessFinance

Markets: IndiaMali

Topics: Block deal IT-enabled services space Engineering Research Semiconductor business Markets Cyient DLM EMS Cyient share

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 10:03:37 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22189209

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