Stocks

Cyient falls 10%; company expects decline in Q4 design-led manufacturing revenue

Reuters | Updated on April 02, 2019 Published on April 02, 2019

Shares of industrial services provider Cyient Ltd fell as much as 10.1 per cent to Rs 584, their biggest intra-day per cent loss since November 2016.

The company said on Monday it expects a material decline in design-led manufacturing revenue during Q4 FY19.

Cyient said order delivery of about $5 million was delayed due to a delay in regulatory clearances at the customer end.

More than 8,23,877 shares changed hands, compared to the 30-day moving average of 286,873 million shares.

The stock has posted its lowest since February 22.

Published on April 02, 2019
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