Cyient surges on expanding strategic partnership with Deutsche Aircraft
Cyient is currently trading at Rs. 1742.05, up by 2.80 points or 0.16% from its previous closing of Rs. 1739.25 on the BSE.
The scrip opened at Rs. 1744.00 and has touched a high and low of Rs. 1759.85 and Rs. 1722.00 respectively. So far 8120 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2271.00 on 23-Jan-2024 and a 52 week low of Rs. 1655.00 on 05-Aug-2024.
Last one week high and low of the scrip stood at Rs. 1780.00 and Rs. 1705.00 respectively. The current market cap of the company is Rs. 19399.90 crore.
The promoters holding in the company stood at 23.14%, while Institutions and Non-Institutions held 58.55% and 18.31% respectively.
Cyient has expanded its strategic partnership with Deutsche Aircraft, a leading German regional aircraft manufacturer. The company has been awarded a multi-year contract to manage the advanced technical documentation to support the product lifecycle of safety-critical aviation systems for the 40-seater regional turboprop the D328eco. The solution will support Deutsche Aircraft's global customer base with a modular and scalable architecture, personalized user experience, faster time to market, and worldwide access through any device. It will take advantage of Cyient AI products embedded in the solution.
The collaboration further strengthens the company’s position as a trusted partner in the Indian and European aerospace markets, while for Deutsche Aircraft, it marks a significant stride in the ‘Make in India’ mission.
Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics.
