Cyient Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Silicon Valley Tech Investor Satya Komal Joins Kritsnam Technologies as a Major Investor

Cyient Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 20408.14 Crore) operating in IT Software sector

Cyient shares hit a record high of Rs 2,457 on December 22, 2023, but failed to hold on to the momentum. The stock found support above 1,900-2,000 levels, which acted as crucial support multiple times since December 2023. Short-term traders can look to buy the stock now or on marginal dips for a possible target of Rs 2,450 which could lead to a fresh record high.

The stock staged a smart bounce back after hitting a low above 1800 levels on 13th March. Since then, the stock has rallied more than 20% which suggests that bulls are here to stay. In terms of price action, the stock is now trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts, which is a positive sign for the bulls.

RBI and Sebi barred JM Financial Products from taking any new mandate for acting as a lead manager to any public issue of debt securities