India's Cyient DLM hits near 1-1/2-yr low as Q3 profit slumps

Cyient DLM

22/01/2025 04:24

** Shares of electronics manufacturing services company
Cyient DLM  CYIT.NS  fall as much as 12.5% to 521.50 rupees,
lowest since Aug. 21, 2023
    ** CYIT on Tuesday reported 40.4% Y/Y fall in Q3 consol net
profit
    ** While rev from ops rose 38.4% Y/Y, total expenses jumped
42.7% Y/Y led by higher input cost
    ** Stock witnessing its most active trading session since
Nov. 6, 2024, with more than 658,000 shares changing hands, 3.6x
of 30-day avg
    ** Avg rating of six analysts equivalent of "buy", median PT
is 831 rupees - LSEG data
    ** Stock ended down 0.8% in 2024



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