cyient shares hit 52-week low price nse bse ceo exit revenue guidance revised lower

Shares of IT-enabled services steadfast Cyient tumbled to its caller 52-week debased terms of Rs 1,402.25, declining 20 per cent intra-day. The steep autumn came pursuing the announcement of the company's CEO Karthikeyan Natarajan.

Karthikeyan Natarajan has decided to measurement down arsenic Executive Director and Chief Executive Officer of Cyient Limited effectual immediately, noted the company's release. 

Meanwhile, Krishna Bodanapu, Executive Vice Chairman and Managing Director has taken complaint of the business's operations for the interim. "We are grateful to Karthik for his contributions and committedness to the semipermanent occurrence of the business, and we privation him the champion successful his aboriginal endeavors," added Bodanapu.

Also, the exertion services steadfast said that it expects DET gross degrowth to beryllium successful the scope of 2.7 per cent on-year successful changeless currency (CC) presumption from the antecedently expected dependable performance. Also, the EBIT borderline for Q4FY25 has been revised little to 13.5 per cent successful examination to the earlier 16 per cent connected relationship of right shifting of gross trajectory wrong the year.

At astir 11:19 am, Cyient shares traded with a steep chopped of over18 per cent oregon Rs 321.7 astatine Rs 1,431.1 per stock connected the BSE.