Shares of Cyient were down around 8 percent as investors turned wary of the stock after December quarter results’ announcement.
The company’s profit has fallen 27 percent to Rs 92.3 Crore, while revenue remain unchanged at Rs 1,187.7 crore quarter on quarter. The company, which was supposed to consider buyback, will do so at a later date.
Going forward, it expects robust growth in Q4 along with margin expansion QoQ.
For more details click here – https://www.ways2capital.com
This post first appeared on After Italy Verdict Gold Trades Higher On Safe-haven Demands; Silver Down, please read the originial post: here