India's Cyient extends record high rally

Cyient

04/12/2023 08:57

** Shares of engineering and technology solutions co Cyient
 CYIE.NS  rise as much as 7.6% to hit a new record high of 2,150
rupees
    ** Stock has hit record high three times in last four
sessions, including on Monday
    ** Share price above 50-day, 100-day and 200-day simple
moving averages since Nov. 20
    ** More than 1.1 mln shares change hands by 2:11 p.m. IST,
2.3x of 30-day avg
    ** Avg rating of 15 analysts close to equivalent of "buy",
median PT is 1,915 rupees - LSEG data
    ** Stock last up 6.3%, bumping YTD gains to about 162%


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))