Shares of Cyient DLM plunged 12% on January 22 following the company’s announcement of a sequential decline in its consolidated net profit and margins for the December quarter.
By 9:35 AM, the stock was trading 10% lower at ₹533, showing a huge decline in investor confidence. The stock of Cyient DLM has declined 18% in the last one year, outperforming the benchmark Nifty 50 index, which declined by 3% during the same period.
The company’s disappointing quarterly results have raised concerns among investors, with analysts closely monitoring Cyient DLM’s upcoming initiatives and strategies to recover profitability and stabilize margins.
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Source: Moneycontrol
News Desk
