This Defence stock was listed on 10th July 2023, and since the listing the stock has given 68% returns. On Tuesday this stock jumps more than 8% after reporting results for Q2 FY24. Currently, the stock is trading 10.7% away from the 52-week high.
Cyient DLM Ltd
Cyient DLM Ltd the company has a market capitalisation of Rs. 5,580 Cr, making it a small-cap company. On Tuesday the stock gains more the 8%, at 11:30 a.m., shares were trading 2.1% up at Rs. 703.70 on BSE.
According to the BSE filing, the company’s revenues grew by 71.5% from Rs. 170.1 Cr in Q2 FY23 to Rs. 291.8 Cr in Q2 FY24 and the company’s net profit rose by 106% from 7.1 Cr in Q2 FY23 to Rs. 14.6 Cr in Q2 FY24. As of Q2 FY24, the company’s order book stood at 2.286.6 Cr.
As per the latest shareholding data, Promoters hold 66.66%, FIIs hold 6.23%, DIIs hold 12.29% and the public hold 14.82% stake in the company.
Cyient DLM Ltd is a major provider of integrated Electronic Manufacturing Services (EMS) and solutions with capabilities across the value chain and the complete product life cycle, including design, build, and maintenance.
Its solutions largely include the production of printed circuit board assembly (PCBA), cable harnesses, and box builds. Across a variety of industries, the company provides its services and solutions to a diverse network of over 300 customers, including 29 Fortune 500 companies.
Written by Sheshadri N
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