Cyient DLM shares drop 16% after profit rise
In short
Cyient DLM shares dropped sharply on Friday. At 9.57 am, the stock was down 16% at ₹861.25 on the NSE, after hitting an intraday low of ₹832.20. The previous close was ₹1,030.10.
The stock fell even though Q2 profit reportedly rose. The available reporting does not give the profit number or explain the full reason for the drop.
What the reporting says
Cyient DLM shares fell sharply on Friday, trading 16% lower at ₹861.25 on the NSE at 9.57 am after touching an intraday low of ₹832.20. The move came despite a reported rise in Q2 profit, but the available market summary gives no profit figure or full results details. The immediate consequence was a steep share-price drop from the previous close of ₹1,030.10.
Why it matters
Cyient DLM shares fell sharply on Friday even though the company had reported a rise in Q2 profit. The market summary showed the stock at ₹861.25, down 16%, after an intraday low of ₹832.20 versus a previous close of ₹1,030.10. The report establishes a negative market reaction, but it does not provide the profit figure or full earnings details.