The Board of Directors of Cyient Ltd at its meeting held on October 12, 2017, has decided to enhance the dividend payout ratio up to 40% of the Profit After Tax (on consolidated basis), subject to market conditions. The company has taken into consideration future capital needs and the payout of peer group companies.
The Board also declared an interim dividend of 100% (Rs. 5.00 per share on a face value of Rs. 5.00) for the financial year 2017-18.
Shares of Cyient Limited was last trading in BSE at Rs.522.6 as compared to the previous close of Rs. 519.15. The total number of shares traded during the day was 138813 in over 4824 trades.
The stock hit an intraday high of Rs. 539.55 and intraday low of 515. The net turnover during the day was Rs. 73166765.