Cyient gains 4% as board to consider buyback proposal on Feb 1

The trading window for transacting in the securities of the company would remain closed from January 30 to February 3, 2019.

Jan 30, 2019 04:01 IST India Infoline News Service

Cyient
Shares of Cyient were trading 4% higher on Wednesday after the company announced that its board would consider buyback proposal of the fully paid-up equity shares of the company on February 1, 2019.

"Further, pursuant to the company's code of conduct for Prohibition of Insider Trading, the trading window for transacting in the securities of the company would remain closed from 30 January to 3 February, 2019, both days inclusive," the company said in a press note after market hours to the exchanges on Tuesday.

Cyient Ltd's share price is currently at Rs604, up by Rs19.5 or 3.34%, from its previous closing of Rs584.50 on the BSE.
The scrip opened at Rs596.50 and has touched a high and low of Rs609 and Rs596.50, respectively. So far, 42,693 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs6,607.46cr.

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