April 26, 2019 / 4:07 AM / 6 months ago

BUZZ-India's Cyient sees best session in 7-1/2 months as Q4 profit surges

** Shares of industrial services provider Cyient Ltd climb as much as 6 pct to 619.25 rupees; mark their biggest intraday pct gain since Sept 2018

** Co posted a 45.5 pct jump in March-qtr consolidated profit on Thursday

** Co’s Q4 operating performance was better than our lowered expectations post a profit warning, Morgan Stanley said in a note

** Morgan Stanley maintains “overweight”, rating and PT of 720 rupees

** Stock has estimated PE of 16.29, well below sector average of 18.33

** Over 324,521 shares change hands in early trade hours, compared with 30-day avg of 419,879 shares

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