Shares of the IT enabled services company jumped 13.89% in the past three sessions to end at Rs 1,458.90 yesterday from its recent closing low of Rs 1,280.95 on 30 May 2023. On the BSE, 72,824 shares were traded in the counter so far compared with average daily volumes of 40,166 shares in the past two weeks. The stock hit a high of Rs 1,489.95 and a low of Rs 1,381.50 so far during the day. The stock hit a 52-week high of Rs 1,525.55 on 2 June 2023. The stock hit a 52-week low of Rs 724 on 3 November 2022. The stock had outperformed the market over the past one month, rising 16.2% compared with 2.85% decline in the Sensex. The counter had outperformed the market in past three months, jumping 45.57% as against Sensex's 5% increase. The scrip had also outperformed the market in past one year, surging 74.93% as against Sensex's 12.6% jump. On the technical front, the stock's daily RSI (relative strength index) stood at 62.061. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading below its 50-day, 100-day and 200-day simple moving average (SMA) placed at 1170.33, 1040.11 and 923.52 respectively. These levels will act as crucial resistance zones in near term. Cyient is a global engineering and technology solutions company. The IT company's consolidated net profit rose 4.62% to Rs 163.2 crore while revenue increased 8.21% to Rs 1,751.1 crore in Q4 FY23 over Q3 FY23. Powered by Capital Market - Live News |