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Cyient is betting big on aerospace, defense and communication segments, and Kotak Equities believes the company will be a major beneficiary of the tailwinds these sectors are likely to see. ....
Nifty IT is currently trading at 21 times one-year forward EPS against the last 15-year average of 18 times. The IT index is trading at a 16 per cent premium over Nifty PE of 18.5 times. ....
Cyient DLM, a subsidiary of Cyient, is an integrated electronic manufacturing service (EMS) and solutions provider. It is involved in designing, manufacturing, testing and providing certification support.
Shares of Persistent Systems plunged 4.62 per cent to Rs 4,973.50. Coforge shares slipped 3.82 per cent to Rs 4,418. 40. Mphasis, Cyient and Zensar Technologies declined 3.71 per cent, 3.10 per cent and 2.80 per cent, respectively. LTIMindtree dropped 2.14 per cent to Rs 4,838. ....
Cyient dividend: The IT firm recently fixed June 12 as the cut-off date for the purpose of final dividend and e-voting in connection with the Annual General Meeting of the company scheduled to be held on June 21.