Cyient DLM moves up on securing production contract from Boeing
Cyient DLM is currently trading at Rs. 425.65, up by 2.95 points or 0.70% from its previous closing of Rs. 422.70 on the BSE.
The scrip opened at Rs. 430.40 and has touched a high and low of Rs. 432.40 and Rs. 422.00 respectively. So far 5122 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 882.90 on 26-Feb-2024 and a 52 week low of Rs. 414.25 on 11-Feb-2025.
Last one week high and low of the scrip stood at Rs. 475.00 and Rs. 414.25 respectively. The current market cap of the company is Rs. 3365.36 crore.
The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 33.05% and 14.79% respectively.
Cyient DLM has secured production contract from Boeing Global Services (BGS) for precision-machined parts and assemblies. This precision machining project award to Cyient DLM by BGS, highlights Cyient DLM’s growing capabilities in delivering high-precision components to the aerospace sector.
Earlier, the company had signed a Memorandum of Understanding (MoU) with Arcedo Systems, a premier provider of integrated renewable energy solutions, to establish a 500 kWp rooftop solar power plant at the company’s Mysore facility.
Cyient DLM is engaged in providing total electronic manufacturing solutions in the fields of medical, industrial, automotive, telecommunication, defense and aerospace applications and machining of components for aerospace, automotive and defense industries.
