This Small-Cap IT Stock Under Rs 150 Is Trading Nearly 20% Below Rs 170 Buyback Price; Stock To Watch Out
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CyberTech Systems and Software approved buyback of up to 8.50 lakh equity shares at Rs 170 per share, while the company fixed May 29, 2026 as the record date for eligible shareholders
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Indian equity benchmark indices traded higher on Thursday, with the benchmark Nifty 50 index rising 1.36 per cent to 23,730.90 during the session. Despite the positive broader market sentiment, shares of CyberTech Systems and Software traded under pressure on Thursday. CyberTech share price declined 3.27 per cent to Rs 136.75 after the company announced a buyback proposal for its equity shares.
CyberTech Announces Buyback Proposal
CyberTech Systems and Software informed exchanges that its Board approved a buyback of up to 8.50 lakh fully paid-up equity shares at a price of Rs 170 per share through the tender offer route. The aggregate buyback size stands at Rs 14.45 crore.
The proposed buyback represents 2.73 per cent of the company’s existing paid-up equity share capital. The buyback size represents 9.81 per cent and 7.55 per cent of the aggregate paid-up capital and free reserves based on the latest audited standalone and consolidated financial statements as of March 31, 2026.
The company has fixed May 29, 2026, as the record date for determining eligible shareholders entitled to participate in the buyback offer.
CyberTech Share Price Performance
CyberTech Systems and Software shares have declined by around 7.70 per cent over the past month. The stock is down around 9.69 per cent in the last six months and has fallen approximately 10.42 per cent over the past year.
The company currently has a market capitalisation of around Rs 428 crore. CyberTech shares touched a 52-week high of Rs 274.80 on October 3, 2025, while the 52-week low stands at Rs 95.30 recorded on March 9, 2026.
About CyberTech Systems And Software
CyberTech Systems and Software Limited is engaged in IT, geospatial and digital transformation solutions, offering services across cloud, enterprise modernization, analytics and smart technology platforms.
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Disclaimer: This article is for informational purposes only and not investment advice.