Cyient falls after block deal



Cyient Limited traded lower on bourses by 7.78% at Rs 484.80 per share on NSE at 1319 hours post block deal. 
 
The stock has traded 1.4 crore shares worth Rs 654 crore in a block at an average price of Rs 475.15-480.70 per share on the NSE.
 
Block deal is a single transaction, of a minimum quantity of five lakh shares or a minimum value of Rs 5 crore, between two parties which are mostly institutional players. The transaction happens through a separate trading window.
 
Meanwhile, the stock on NSE attracted a total traded volume of 1,49,69,754 shares and a traded value of Rs 71,238.07   lakh. The company had hit its intraday high of Rs 531.85 per share and an intraday low of Rs 474 per share on NSE.

The company had hit its 52 week high of Rs 564.90 per share on May 2, 2017 and its 52 week low of Rs 405 per share on November 9, 2016 on NSE, respectively.
  
Cyient Limited, erstwhile Infotech Enterprises Limited, provides software-enabled engineering and geographic information system (GIS) services. The company operates in severa segments including  Data & Network Operations (DNO); Engineering, Manufacturing, Industrial Products (EMI), and Product Realisation (PR).  





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