Cyient Shocker: CEO Resigns, FY25 Guidance Slashed, Q3 Profit Plummets 31.7% – What’s Next for Investors?
Shares of Cyient Ltd faced a sharp decline of 18.58% on Friday, plummeting to Rs 1,429.05 on the BSE, following a series of unfavorable developments. The IT services and engineering firm reported lower-than-expected Q3 earnings, a major cut to its FY25 revenue growth projection, and the departure of its CEO, Karthikeyan Natarajan. Let’s examine the…