Cyient Ltd. News and Updates

Name: Latest research reports of Cyient Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Cyient Ltd.
Rating: 5
Author: Motilal Oswal

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Cyient Ltd.

30 Jun 2023

1271.30

-1.75%

Cyient DLM IPO subscribed 67.30 times on last day of subscription

Business Standard

The Initial Public Offer (IPO) of electronic manufacturing services firm Cyient DLM got subscribed 67.30 times on the last day of subscription on Friday amid an overwhelming interest from investors. The share sale got bids for 89,73,16,952 shares against 1,33,32,297 shares on offer, according to an update available with NSE. The quota for Qualified Institutional Buyers (QIBs) received 90.44 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 49.20 times. The portion for non-institutional investors got subscribed 45.05 times. The IPO had a fresh issue aggregating up to Rs 592 crore. There was no offer-for-sale (OFS) component. The company's IPO had a price band of Rs 250-265 a share. Cyient DLM had mobilised Rs 260 crore from anchor investors. Funds raised through the IPO would be utilised for funding incremental capital requirements, capital expenditure, debt payment, achieving inorganic growth through acquisitions as well as general corpo

Cyient Ltd. has lost -24.42% in the last 6 Months

Cyient Ltd.

26 Jun 2023

1271.30

-1.75%

Subscribe to Cyient DLM: Geojit

Moneycontrol

Geojit has come out with its report on Cyient DLM. The research firm has recommended to Subscribe the ipo in its research report as on June 26, 2023.

Cyient Ltd. is trading below all available SMAs

Cyient Ltd.

22 Jun 2023

1271.30

-1.75%

Cyient DLM IPO to open on Jun 27, sets price band at Rs 250-265 per share

Business Standard

Electronic manufacturing services firm Cyient DLM Ltd on Thursday said it has fixed a price band of Rs 250-265 per share for its initial public offering (IPO), which will open for subscription on June 27. The initial share sale will conclude on June 30 and the bidding for anchor investors will open on June 26, the company said in a statement. Cyient DLM's IPO is a purely fresh issue of equity shares aggregating up to Rs 592 crore with no offer for sale (OFS) component. The company has already undertaken a private placement of 40.75 lakh equity shares worth Rs 108 crore. Funds raised through the IPO would be utilised for funding incremental capital requirements, capital expenditure, debt payment, achieving inorganic growth through acquisitions as well as for general corporate purposes. The company said that 75 per cent of the issue has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and the remaining 10 per cent for the retail .

Cyient Ltd.'s price crossed below 100Day SMA today

Cyient Ltd.

02 Jun 2023

1271.30

-1.75%

Cyient shares touch new 52-week high on Friday, up over 9%; Here's why

livemint

Cyient's share price surged over 9% and touched a new 52-week high, following the record date for its most recent dividend payout. The stock has gained 107.41% from its 52-week low of 723.8 recorded on November 3, 2022, after reporting better-than-expected Q4FY23 earnings.

Cyient Ltd. is trading below all available SMAs

Cyient Ltd.

01 Jun 2023

1271.30

-1.75%

IT stock Cyient clocks 8% intraday high as Board fixes record date for 320%

livemint

Cyient opened Thursday's trading session at 1300.85 apiece and went to hit an intraday high of 1409.00 logging an upside 8.31%.

Cyient Ltd. has lost -24.42% in the last 6 Months

Cyient Ltd.

23 May 2023

1271.30

-1.75%

At multi-year highs: Cyient & 5 other stocks give 5-year breakouts

Economic Times

Bulls are driving the domestic equity markets amid firm global cues and positive signals from India Inc's earnings. Select stocks are likely to deliver strong returns in the near term amid this backdrop, believe chart readers. Based on their recommendations, here are 9 stocks where one can ride the momentum:

Cyient Ltd. is trading below all available SMAs

Cyient Ltd.

20 May 2023

1271.30

-1.75%

Buy Cyient; target of Rs 1450: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Cyient recommended buy rating on the stock with a target price of Rs 1450 in its research report dated May 18, 2023.

Cyient Ltd. is trading below all available SMAs

Cyient Ltd.

18 May 2023

1271.30

-1.75%

Trade Spotlight | Your game plan for CreditAccess Grameen, Cyient, Amara Raja Batteries today

Moneycontrol

Cyient has formed long bullish candle on the daily scale with above average volumes, with making higher tops higher bottoms formation for third consecutive session. The stock jumped 4.6 percent to end at record closing high of Rs 1,287.