This IT stock approves dividend of ₹10 per share, revenue rises 25% in Q2

Cyient Ltd is a mid-cap company with a market cap of 8,449.21 crore are working in the IT sector. Cyient is one of the top companies providing engineering, construction and digital technology solutions. The company leverages the expertise of over 15,000 associates across 19 countries. The Board of Directors of the company has declared an interim dividend of Rs. 10 per equity share, or 200 per cent of the par value of Rs. 5 per share.

The company in a regulatory filing today said that “It is to inform that the Board of Directors of the company has declared an interim dividend of Rs. 10/- per equity share (i.e.200%) at par at Rs. 5 per share for Rs.5 per share. Further, it is informed that 27th October 2022 has been fixed as the record date for the above purpose and dividend will be paid till 9th ​​November 2022.”

Cyient net profit down 34.79% 79.10 crore in the quarter ended September 2022 121.30 crore in the same quarter last year. Revenue from operations jumped 25.60%. done 1396.20 crore in the quarter ended September 2022. From 1111.60 crore in the year-ago quarter.

Cyient Ltd shares closed today: 762.00 each, down 1.38% from the previous close of 772.65. The stock had a total volume of 39,772 shares on Friday, as compared to the 20-day average volume of 23,351 shares on the BSE. share price has increased 12.78 to current market price as on 30 September 1998 which entails a multibagger return of 5,862.44%. In the last 5 years, the stock has increased by 37.48 percent and in the last 3 years, the stock has increased by 65.8%. In the last 1 year, the stock has fallen 36.07% and on YTD basis, the stock has fallen 28.50% so far in 2022.

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