Cyient Gains On Starting Operations In Warangal

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Cyient is a global provider of engineering, manufacturing, digital and technology services. It has commenced operations in Warangal from the Incubation Center of the Telangana State Industrial Infrastructure Corporation (TSIIC). The company has established a Center of Excellence (CoE) in TSIIC Incubation Center in order to help its communications business expand operations for its global client base.

The CoE is going to undertake fiber and coaxial network planning and design, cell site design and drafting, MDU engineering, RF planning, and network optimization services. Cyient will also leverage the Center to give geospatial services and solutions for the company’s Smart City engagements.

Cyient share price is currently trading at Rs. 467.20, up by 2.20 points or 0.65 per cent from its previous closing of Rs. 465 on the NSE. The scrip opened at Rs. 465.05 and has touched a high and low of Rs. 472.00 and Rs. 461 respectively.

The stock has a face value stock of Rs. 5 has touched a 52 week high of Rs. 554.00 on 13th Oct 2016 and a 52 week low of Rs. 369.25 on 12th Feb 2016. Last one week high and low of Cyient share price stood at Rs. 508.00 and Rs. 461.20 respectively. The current market cap of the company is Rs. 5234.33 (Cr).

The promoters holding in the company stood at 22.18 per cent, while Institutions and Non-Institutions held 64.64 per cent and 13.17 per cent respectively.

Cyient was previously known as Infotech Enterprises is a company focused on engineering, networks and operations. The company features among the top outsourcing companies in the world.

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