Cyient DLM is currently trading at Rs. 652.45, up by 8.75 points or 1.36% from its previous closing of Rs. 643.70 on the BSE.
The scrip opened at Rs. 650.00 and has touched a high and low of Rs. 657.90 and Rs. 644.05 respectively. So far 14402 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 882.90 on 26-Feb-2024 and a 52 week low of Rs. 580.00 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 674.35 and Rs. 625.55 respectively. The current market cap of the company is Rs. 5143.40 crore.
The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 35.53% and 12.31% respectively.
Cyient DLM has entered into partnership with Honeywell Aerospace Technologies for the ground-breaking micro vapor cycle system (Micro VCS), aimed to revolutionize aircraft cooling technology. Cyient DLM has inked a 16-year program forecast to develop liquid cooling loops that will be used in select applications of Micro VCS.
Micro VCS is poised to redefine cabin temperature control. Crafted meticulously while prioritizing sustainability and efficiency, Micro VCS represents a leap forward in shaping the future of aircraft. A first of its kind micro vapor cycle system, Micro VCS is up to 35 percent lighter and 20 percent more efficient than systems with comparable cooling capacity.
This project exemplifies Cyient DLM’s commitment to pushing the boundaries of technological advancement in service of a more sustainable and interconnected future. Through strategic collaborations with industry leaders like Honeywell AT, Cyient DLM continues to position itself as a driving force in shaping the landscape of aerospace engineering.
Cyient DLM, a subsidiary of Cyient, is the leading integrated EMS and solutions provider with a focus on the entire life cycle of a product, including design, build and maintenance. It has three state manufacturing facilities in Hyderabad, Bengaluru and Mysore.
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