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Cyient's earnings revival distant even as new CEO's a boost
Mint Mumbai
|February 27, 2025
The battered Cyient Ltd stock is struggling to regain its footing after a weak Q3FY25, an abrupt CEO resignation, and a sharp cut in FY25 guidance sent shares into a tailspin.
On 24 January, the stock had plunged 23% as earnings downgrades poured in and concerns over leadership uncertainty deepened.
To steady the ship, Cyient appointed Sukamal Banerjee as ED and CEO of its digital, engineering, and technology (DET) business on 19 February for five years. In his last role, Banerjee was the CEO of a digital engineering firm Xoriant, and before that spent 27 years at HCL Technologies.
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