Latest news with #CyientLtd
Time of India
03-06-2025
- Business
- Time of India
Stock Radar: Cyient stock showing signs of turnaround after over 30% fall from highs; what should traders do?
Cyient Ltd, after rebounding from Rs 1,000 in April, faces resistance around its 200-week moving average. Experts suggest medium-term, high-risk traders consider buying with a target of Rs 1,600 within 3-4 months. A bullish Inverse Head & Shoulders pattern breakout in May 2025 supports this potential upward movement if it sustains above the long term moving average. Cyient Ltd, part of the IT-enabled services industry, bounced back after testing 1,000 levels earlier in April. However, it is now trading around the critical resistance placed around 200-weeks moving average on the weekly traders with a high-risk profile can look to buy stock for a target of Rs 1,600 in the next 3-4 months, suggest stock hit a high of Rs 2,156 on June 16, 2024, but it failed to hold the momentum.
Time of India
06-05-2025
- Business
- Time of India
Cyient shares in focus as U.S. unit hit with $26,780 IRS penalty
Shares of Cyient Ltd are set to be in focus on Tuesday after the technology company's U.S. unit, Cyient Inc , received a penalty order of $26,779.74 from the U.S. Department of the Treasury's Internal Revenue Service (IRS). According to Cyient Ltd's stock exchange filing, the penalty pertains to alleged non-compliance with the Employer Shared Responsibility Provisions (ESRP) under the Affordable Care Act (ACA). The IRS stated that Cyient Inc. either failed to provide Minimum Essential Coverage (MEC) to at least 95% of its full-time employees and their dependents or had at least one full-time employee qualify for a Premium Tax Credit (PTC) despite offering such coverage. Cyient clarified that the penalty order will not have a material impact on its financials, operations, or other business activities. The company added that it is actively working with its health insurance broker to challenge the IRS decision and is seeking cancellation of the penalty. 'Cyient continues to ensure compliance with applicable regulations and is working toward a resolution in accordance with U.S. employment and healthcare laws,' the company said. Q4 earnings and stock performance For the fourth quarter, Cyient reported a 39.4% year-on-year jump in profit after tax to Rs 170.4 crore, supported by improved execution and cost controls. Revenue slipped 0.9% sequentially to Rs 1,909.2 crore, while EBIT margins improved to 12.3% from 11% in the previous quarter, aided by operational efficiencies. Shares of Cyient closed at Rs 1,204.10 on the BSE on Monday, up 0.91%. The stock has fallen 33% over the past year but has rebounded 4% in the past month and 2% in the past week. Also read | Mahindra & Mahindra shares in focus as Q4 results beat estimates. Should you buy, sell, or hold? Technical outlook Technical indicators suggest a mixed picture. The stock is trading below six of its eight key simple moving averages, including the 10-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 47.4, signaling neutral momentum, as RSI levels below 30 are seen as oversold and above 70 as overbought.
Time of India
25-04-2025
- Business
- Time of India
Cyient shares fall over 9% after Q4 profit declines, core business underperforms
Cyient's shares plummeted by 9.5% after the company reported a 6% drop in its Q4FY25 profit after tax, which settled at Rs 163.10 crore. Revenue also saw a slight dip to Rs 1,909.2 crore. The company's full-year profit fell by 15.4%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Core business pressures Shares of Cyient Ltd fell as much as 9.5% on Friday to Rs 1,125.4 on the BSE after the technology firm reported a 6% year-over-year decline in its profit after tax for the quarter ended March 2025. Cyient posted a profit after tax of Rs 163.10 crore for Q4FY25, down from Rs 173.50 crore in the same period a year ago. Revenue for the March quarter fell 0.9% sequentially to Rs 1,909.2 company's board declared a final dividend of Rs 14 per share for FY24- 25. Additionally, the company said its Leadership, Nomination and Remuneration Committee had granted 27,000 restricted stock units and 200,000 stock options to associates under its Associate Restricted Stock Units Scheme 2020 and Associate Stock Option Plan earnings were announced on Thursday, April 24, after market hours. The company's shares had closed slightly lower by 0.26% at Rs 1,243.05 on April 24, before tumbling on the full fiscal year FY25, Cyient reported revenue of $870 million, reflecting a 1.5% year-on-year growth in constant currency. However, profit after tax for the year fell 15.4% to Rs 622 crore. EBIT margin came in at 12%, down 258 basis points from the previous design, engineering and technology (DET) services segment, a key business unit, reported revenue of $688 million for the year, a 3% decline in constant currency terms. EBIT margin for the DET business fell 261 basis points to 13.5%.Also read | Cyient shares in focus after launch of semiconductor subsidiary to tap global chip market Order intake in the DET segment stood at $836 million, down about 7% year-on-year. The company said this decline was 'partly attributed to evolving uncertainties during FY25 relative to the previous fiscal year.' The business secured 24 large deals during the year with a total contract value of $370.8 part of its strategic growth initiatives, Cyient recently launched a semiconductor subsidiary and appointed Suman Narayan as its CEO. 'Suman is a globally recognised professional in the semiconductor industry,' said Krishna Bodanapu, Executive Vice Chairman and Managing Director.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Upturn
25-04-2025
- Business
- Business Upturn
Cyient share price dips 6% as Q4 revenue misses estimates
By Aman Shukla Published on April 25, 2025, 09:35 IST Shares of Cyient Ltd. fell by 6% in morning trade despite reporting a 39% year-on-year rise in consolidated net profit for the March quarter. The company reported a profit of Rs 170.4 crore in Q4 FY25, aligning closely with the Rs 172.6 crore estimate tracked by Bloomberg. The decline in share price comes as revenue dipped 0.9% sequentially to Rs 1,909.2 crore from Rs 1,926.4 crore, slightly below expectations. Earnings before interest and tax (EBIT) rose 5% quarter-on-quarter to Rs 234.8 crore, with operating margins improving to 12.3% from 11.6% in the previous quarter. While the profit increase met analyst projections, the top-line softness may have contributed to investor caution, triggering the stock's decline. Cyient has also declared a final dividend of Rs 14 per share for FY25, amounting to Rs 155.5 crore, based on a face value of Rs 5 per share. The company's performance reflects a mixed quarter with margin improvements and profit growth, but revenue pressures may be weighing on investor sentiment. Cyient shares opened at ₹1,176.00, reaching a high of ₹1,192.50 and a low of ₹1,125.00 during the session. The stock remains significantly below its 52-week high of ₹2,157.45, hovering close to its 52-week low of ₹1,084.05 Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
