India's Cyient DLM eyes best day in over 7 months on Q4 profit jump

Cyient DLM

24/04/2024 07:24

** Shares of Cyient DLM  CYIT.NS  rise as much as 13.6% to
780 rupees, logs biggest intraday pct gain since Sept. 5
    ** Electrical components and equipment maker said on Tuesday
its fourth-qtr consolidated net profit jumped ~81% y/y to 227.4
mln rupees ($2.7 million) on sales growth in aerospace and
defence segments
    ** More than 3 mln shares change hands as of 11:45 a.m. IST,
16.7x its 30-day avg
    ** Avg rating of five analysts covering the stock is "buy";
median PT is 840 rupees - LSEG data
    ** Stock up ~2% so far in April



($1 = 83.2925 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))