India's Cyient DLM surges after quarterly profit, revenue rise
BUZZ-India's Cyient DLM surges after quarterly profit, revenue rise ** Shares of India's Cyient DLM CYIT.NS jump as much as 17.96% to 734.95 rupees, their highest levels since December 2, 2024
** Stock last up 12.28% at 699.55 rupees
** Co posted more than 2x year-on-year growth in June quarter net profit to 162.9 million Indian rupees ($1.69 million)
** Co's June quarter revenue also jumped 34.3% year-on-year to 3.74 billion rupees
** CYIT rated "buy" on average by 9 analysts, median PT at 532.50 rupees -- data compiled by LSEG
** YTD stock down 0.76%
($1 = 96.4550 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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