Cyient DLM Ltd. has secured a prestigious order from Boeing Co. to manufacture battery diode modules for the 787 Dreamliner fleet. The news sent the company’s shares surging over 12% to a five-month high, with investors betting on the long-term potential of this partnership.
The deal marks a major milestone for Cyient DLM, which has established itself as a trusted partner for global aerospace giants. The company’s expertise in engineering and manufacturing, combined with its commitment to quality and innovation, has earned it a spot in Boeing’s coveted supplier network.
As the news broke, Cyient DLM’s shares jumped 12.12% to Rs 870, the highest level since February 28. The stock has been on a tear, gaining 58.52% in the last 12 months and 21.36% on a year-to-date basis.
