Cyient to acquire Australian tech consulting firm IG Partners

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Cyient’s share price, which opened at Rs 412 on the NSE and Rs 409 on the BSE, however, did not pick up after the announcement. The price fell to Rs 388.30 on the NSE and Rs 388 on the BSE by the close of the day. Analysts have given a ‘sell’ rating for the stock and expect the price to touch Rs 513 by the end of the week, a 52-week high for the company.

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