Espresso shot of the day – CYIENT Ltd up by 18.80 percent

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Espresso shot of the day – CYIENT Ltd up by 18.80 percent

January 22, 2023
Espresso shot of the day – CYIENT Ltd up by 18.80 percent

CYIENT LTD 602.85 (+18.80%) BSE – INE136B01020 | 22nd JAN 2021

Espresso Binge Chart Image

Cyient is a global Engineering and Technology Solutions company. They engage with customers across their value chain, helping to design, build, operate, and maintain the products and services that make them leaders and respected brands in their industries and markets. Customers draw on Cyient’s expertise in Engineering, Manufacturing and Digital Technology to deliver and support their next-generation solutions that meet the highest standards of safety, reliability and performance. They deliver their services and solutions to a diversified base of over 300 customers, including 29 Fortune 500 companies, across multiple industries.

Recent Drivers

  • Cyient has reported net profit at Rs 95.4 crores in Dec 2020.
  • Revenue rose to Rs 1,044.3 crores from Rs 1,003.3 crores QoQ.
  • Wipro and Cyient are changing their performance metrics to measure employee productivity at the back of COVID-19. With work from home (WFH) becoming the norm, experts and executives said companies need an effective way to ensure productivity in the absence of face-to-face communications.
  • The company closed its wholly-owned subsidiary Cyient Engineering (Beijing) at China.
  • Cyient's management said it expects sequential improvement in margins in the Jan-Mar quarter (Q4FY21), driven by the increase in volume and improvement in operational efficiencies.
  • The company has also won 5 multi-year deals with total contract potential of USD 106 million in the quarter, and its order book has increased by 7% YoY.
  • Cyient said it is seeing “significant acceleration” in 5G rollouts, and telecom carriers are bringing forward  their investment plans to roll out network for the high-speed service.
  • Cyient announced that it signed a pact with Perth-based Decipher to support the global rollout of a key cloud-mining platform. Decipher provides a cloud monitoring and governance platform for tailing storage facilities. As per the MoU, Cyient will support Decipher with the global rollout of their cloud mining platform for tailings and rehabilitation monitoring.
  • Cyient announced that it has received the 2020 Supplier Performance Award from Thales.
(Source: Moneycontrol, BSE, Financial Express, Economic Times, Business Standard, Telangana Today, Business Today)

Technical Force*

  • S&P BSE 500 month till date loss, down by -1.34% | S&P BSE IT month till date gain, up by 8.93
  • Traded on new 52-week high of 608.90, touched upper circuit 608.90
  • Spurt in volume by more than 13.56 times compared to previous volume
  • Stock price has jumped more than 100% in 1 year low level – 184.0, May 22, 2020
  • Daily RSI (14) is in overbought territory today
  • 52-week high – 608.9 | 52-week low – 184.15

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1033.57

798.03

655.22

419.68

276.87

41.33

-

-

Fibonacci Pivot

798.03

653.50

564.21

506.70

419.68

332.66

275.15

185.86

41.33


Today’s Close

602.85

SMA

BSE

10 DAY

515.90

20 DAY

520.56

50 DAY

497.74

200 DAY

358.39


Some Key Ratios (Source: BSE)

Market Cap: 6,629.62 crores

PE: 24.16

OPM%: 33.12

ROE%: 10.21

Prev. Close: 507.45

* Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.