/ Cyient Enters A Definitive Agreement To Acquire 100% Equity In Certon Software Inc. ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 9 February 2017

Cyient is trading in green, up by Rs 3.20 or 0.69% in Thursday's session.

Cyient Inc., has signed a definitive agreement to acquire 100% equity stake in Certon Software Inc., by and through its wholly owned subsidary, Cyient Inc., and the transaction has been consumated effective February 8, 2017.

Cyient Limited, earlier known as Infotech Enterprises Ltd.,  is engaged in providing software-enabled engineering & geographic information system (GIS) services. Cyient Ltd is currently trading at Rs 465.75, up by Rs 3.2 or 0.69% from its previous closing of Rs 462.55 on the BSE.

The scrip opened at Rs 466.2 and has touched a high and low of Rs 468.65 and Rs 462.5 respectively. So far 10969(NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs 5206.76 crore.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 555 on 13-Oct-2016 and a 52 week low of Rs 370.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 497.9 and Rs 443.8 respectively. The promoters holding in the company stood at 22.18 % while Institutions and Non-Institutions held 64.64 % and 13.17 % respectively. The stock is currently trading below its 50 DMA.

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