Why Cyient Shares Dropped 20% on Friday? #cyient

Cyient Ltd.’s stock dropped 24% after it reported disappointing December quarter results, including a major revenue growth downgrade for its Digital, Engineering, and Technology (DET) business, now expecting a 2.7% decline instead of flat growth. It also cut its EBIT margin forecast from 16% to 13.5% for the fourth quarter, citing aggressive wage hikes. Additionally, the unexpected resignation of CEO Karthikeyan Natarajan after just 20 months raised further concerns about leadership stability. These factors, combined with shifts in projects and profitability challenges, led to investor pessimism and a sharp decline in the stock.For more updates on the latest financial news, don’t forget to like, share, and subscribe to our channel!

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