India's Cyient DLM rises on Q2 profit surge

Cyient DLM

17/10/2023 04:55

** Shares of Cyient DLM  CYIT.NS  up as much as 7.3% to 739
rupees
    ** Integrated electronics manufacturing services co posts
over two-fold rise in Sept-qtr net profit to 146.5 mln rupees
($1.8 mln); rev from ops up ~72% YoY
    ** CYIT on track to rise for second straight session, if
gains hold 
    ** Over 281,000 shares change hands as of 09:20 a.m. IST,
0.7x the 30-day moving average
    ** Including day's move, stock up ~74% since its listing on
July 10
    


($1 = 83.2140 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))