Cigniti Technologies shares in focus after Morgan Stanley buys stake worth Rs 26 crore
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Shares of Cigniti Technologies will be in focus on Friday following Morgan Stanley's stake purchase in the company via a block deal which was worth Rs 26 crore. The US-based financial services company bought over 1.65 lakh shares through its affiliate Morgan Stanley Asia Singapore Pte at a price of Rs 1591.46 apiece which was a discount of 9.5% over the Wednesday closing price. Cigniti Technologies shares today ended with sharp cuts of Rs 168.40 or 10% at Rs 1,573.80.Cigniti Technologies is a smallcap stock which is currently trading below its 50-day simple moving averages (SMA) of Rs 1,688 while above its 200-DMA of Rs 1,543.3 according to Trendlyne.Cigniti on Wednesday reported a net profit of Rs 60 crore, which shot-up 527% over Rs 11 crore in the year ago period. The revenue from operations surged 14% to Rs 534 in Q1FY26 versus Rs 468 crore in the year ago period.However, profit after tax (PAT) fell 18% on a sequential basis compared to Rs 73 crore in Q4FY25. Meanwhile the topline was flat versus Rs 530 crore in the January-March quarter of FY25.Total income in the reported quarter stood at Rs 542 crore versus Rs 547 crore in Q4FY25 and Rs 475 crore in the year ago period.The company incurred expenses of Rs 454 crore in the quarter under review versus Rs 450 crore in Q4FY25 and Rs 428 crore in Q1FY25. Majorly expenses were made on employee benefits and hired contractors costs.Cigniti, a Coforge company, is an AI & IP-led Digital Assurance and Engineering services company that helps global companies across industries continuously accelerate their Digital Transformation and become Digital-First.Cigniti Technologies shares have rallied 16% over a 1-year period though remaining a major laggard in 2025 so far. The stock has fallen 10% on the year-to-date basis.
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