Cyient rises on signing LoI with Thales
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Cyient is currently trading at Rs. 1690.00, up by 12.10 points or 0.72% from its previous closing of Rs. 1677.90 on the BSE.
The scrip opened at Rs. 1686.95 and has touched a high and low of Rs. 1692.55 and Rs. 1681.05 respectively. So far 3381 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1945.45 on 05-Sep-2023 and a 52 week low of Rs. 765.05 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 1693.95 and Rs. 1646.60 respectively. The current market cap of the company is Rs. 18685.33 crore.
The promoters holding in the company stood at 23.20%, while Institutions and Non-Institutions held 57.27% and 19.53% respectively.
Cyient has signed a Letter of Intent (LoI) with Thales, a global technology leader in areas of defence and security, aeronautics, space, and digital identity, during a signing ceremony organized on the sidelines of 70th anniversary of Thales in India. As part of the LoI, both parties committed to working together to tackle climate change across their business value chains.
Cyient, committed to a path of shared and sustainable long-term value, has forged a dynamic partnership with Thales, uniting its strengths in a shared commitment to a low-carbon future. This collaborative effort underscores their dedication to environmental stewardship and a more sustainable tomorrow. These milestones are poised to be realized through dedicated initiatives at Cyient focusing on all Cyient facilities, including key manufacturing facilities in Hyderabad, Mysore, and Bangalore.
Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics.
