Buyback alert! Last date to buy Cyient shares to participate in Rs 720 crore share buyback. Do you own?

Cyient has set June 17 as the record date for its Rs 720 crore share buyback, with June 16 being the last day to purchase shares. The buyback, its first since 2019, involves up to 64 lakh shares at Rs 1,125 per share, a 25%+ premium over the previous closing price. Meanwhile, Emkay maintained a 'Reduce' call with a raised target price of Rs 900, citing slowed FY26 growth due to macro headwinds, while the stock trades around Rs 886-897, down 20% YTD in 2026.