Cyient rises on launching private 5G Networks Center of Excellence
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Cyient is currently trading at Rs. 888.90, up by 3.95 points or 0.45% from its previous closing of Rs. 884.95 on the BSE.
The scrip opened at Rs. 884.20 and has touched a high and low of Rs. 902.00 and Rs. 884.20 respectively. So far 2532 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1292.00 on 19-Oct-2021 and a 52 week low of Rs. 590.35 on 19-Feb-2021.
Last one week high and low of the scrip stood at Rs. 907.20 and Rs. 840.10 respectively. The current market cap of the company is Rs. 9811.76 crore.
The promoters holding in the company stood at 23.41%, while Institutions and Non-Institutions held 57.48% and 19.11% respectively.
Cyient has launched its private 5G Networks Center of Excellence (CoE). The company has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Hyderabad, as a research partner for the CoE. Cyient will leverage a 5G core developed by IIT Hyderabad for testing various Digital use cases and interoperability with best-of-breed components from industry leaders.
Located in Cyient’s facility in Hyderabad, India, the CoE will combine Cyient’s enterprise and network experience with IIT Hyderabad’s research and technology expertise to develop and test Private 5G network solutions. Cyient was recently recognized as a Major Contender for 5G Engineering Services in the inaugural Everest Group PEAK Matrix, and with the launch of the Private 5G Networks CoE, Cyient reaffirms its commitment to technological innovation and strengthens its collaboration with academia.
Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics.
