52-week high alert: Heavy buying witnessed in this multibagger stock; zooms more than 11 per cent in today’s session!

Bhavya Rathod
52-week high alert: Heavy buying witnessed in this multibagger stock; zooms more than 11 per cent in today’s session!

The stock has witnessed significant buying activity as it has delivered multibagger returns of more than 600 per cent in just 3 years

On Friday, shares of Cyient Limited soared more than 11 per cent, reaching a new 52-week high of Rs 1525.55 per share on BSE. The stock witnessed a significant surge in trading volume, exceeding 2.5 times the average.

In Q4FY23, the revenue from operations surged by 48 per cent from the same quarter of the previous year to Rs 1751.4 crore. The EBITDA level stood at Rs 305.8 crore, witnessing a growth of 43.09 per cent from the March 2022 quarter. The net profit of the company surged by 5.83 per cent from the corresponding quarter of the previous year to Rs 163.2 crore.

The company has recently formed a partnership with Thingtrax, aiming to enhance efficiency and cost savings for manufacturers. On Tuesday, the technology solutions provider announced its collaboration with Thingtrax, with the goal of assisting manufacturers in reducing expenses and boosting productivity. By leveraging data powered by artificial intelligence, the Cyient-Thingtrax alliance will empower manufacturers worldwide to enhance their performance across all aspects of manufacturing operations.

DSIJ offers a product 'multibagger Pick" with recommendations for multi-bagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here

Cyient is a global engineering and technology solutions company. As a design, build and maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, domain knowledge, and technical expertise to solve complex business problems.

The stock has witnessed significant buying activity as it has delivered multibagger returns of more than 600 per cent in just 3 years. Moreover, the stock has surged more than 80 per cent in just 1 year. Keep a close eye on this trending stock.

Rate this article:
3.6

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary29-Sep, 2023

Mindshare30-Sep, 2023

Mindshare30-Sep, 2023

Mindshare29-Sep, 2023

Mindshare29-Sep, 2023

Knowledge

General26-Sep, 2023

Technical25-Sep, 2023

Technical24-Sep, 2023

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Investment in securities market are subject to market risks.Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.