Introduction:
Global engineering services leader has opened a office in Parramatta, New South Wales, showcasing its commitment to the Australian market, fostering innovation, and enhancing collaborations with connectivity providers to drive technological advancements.
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Share price movement of Cyient:
On December 11, 2024, Cyient Limited opened at ₹2,075.00, up 0.56% from its previous close of ₹2,063.50. The stock reached a high of ₹2,111.50 and a low of ₹2,070.00. By 03:46 PM, it traded at ₹2,080.50, a 0.82% increase, with a market cap of ₹23,090.30 crore.
Cyient Expands Australian Presence:
Cyient, a global Intelligent Engineering services company, has inaugurated a new state-of-the-art office in Parramatta, New South Wales. This strategic move reflects Cyient’s commitment to strengthening its footprint in the Australian market and fostering innovation.
With a seating capacity of over 100 associates, the Sydney office is equipped with advanced infrastructure to drive cutting-edge solutions. Positioned in a vibrant business hub, the facility aims to deepen collaborations with connectivity providers and enhance operational excellence.
The expansion underscores Cyient’s dedication to delivering superior services across the connectivity sector in Australia. By fostering a collaborative work environment, the company seeks to propel technological advancements and further its reputation as a global engineering leader.
Recent news on Cyient:
As of November 15, 2024, Cyient announced an expanded partnership with Allegro MicroSystems, launching a Center of Excellence (CoE) in Hyderabad. This collaboration aims to advance power and sensing solutions, enhancing innovation and technological capabilities.
Stock performance of Cyient for Period of 1 week, 6 months and 1 year:
Cyient Limited has shown a strong performance, with a 6.76% return over the past week, 9.32% over six months, and 4.63% over the last year, reflecting steady growth and positive market sentiment.
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Shareholding pattern of Cyient:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 23.20% | 23.20% | 23.20% |
| FII | 28.40% | 29.50% | 31.00% |
| DII | 30% | 27% | 26% |
| Public | 18% | 20% | 19% |
| Others | 0.80% | 0.80% | 0.90% |
About Cyient:
Cyient Ltd. (NSE: CYIENT) is a technology company specializing in engineering, manufacturing, data analytics, and networks. With a global presence, it operates in sectors like aerospace, defense, transportation, and healthcare, and completed Cyient DLM’s IPO in 2023.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
