Jyoti CNC Share Price 2024 India's second largest CNC manufacturer with three manufacturing facilities (Gujrat, Strasbourg, and Rajkot) which are used for the design, development, and production of CNC machines. The company's first mainboard IPO of 2024 was launched on January 9, 2024 and was subscribed approximately 40 times at the end of the 3-day opening period. The share price of Jyoti is subject to several factors that affect the performance of the stock in the market. This article will provide you the details of the CNC company Jyoti to understand the share price of this company in 2024, 2025, 2026, and 2030.
Jyoti CNC's automation Recent News Headlines
Jyoti share price made a decent opening on Tuesday, Jan. 16, 2024, on the NSE. The share price of Jyoti Corporation Limited is quoted at Rs 372 on the BSE, which is 12.39 percent premium to its initial public offering (IPO) price (Rs 331 per share). On the third day of subscription for the Jyoti Corporation Automation IPO, the share price of the company went up to Rs 372, which is 38.53 percent premium to the IPO price (Rs 332 per share) on the first day of subscription. The company's IPO was opened on January 9, 2024, and the company's listing date was extended to January 16, 2024.
The company has received orders worth Rs 3.315 crore from various end-users, including Rs 305 crore from a CNC manufacturer. The company has also reported a 27 percent increase in revenue and 131.18 percent increase in profit after tax in the fiscal year of 2022-23.
Jyoti CNC Share Price Target (2024)
Month (2024)Average Target JanuaryRs 443.40FebruaryRs 449.45MarchRs 450.50AprilRs 451.50MayRs 449.60JuneRs 450.75JulyRs 452.75AugustRs 456.80SeptemberRs 458.90OctoberRs 460.90NovemberRs 462.95DecemberRs 466.13
(financerule.com)
Jyoti CNC Share Price Target (2025)
Month (2025)Average Target JanuaryRs 467.10FebruaryRs 469.10MarchRs 478.20AprilRs 483.20MayRs 489.15JuneRs 495.10JulyRs 499.20AugustRs 508.30SeptemberRs 519.35OctoberRs 527.40NovemberRs 531.40DecemberRs 536.15
(financerule.com)
Jyoti CNC Share Price Target (2026 to 2030)Year Target Range2026Rs 538 - 5802027Rs 581 - 6232028Rs 625 - 6732029Rs 674 - 6952030Rs 700 - 789
Jyoti CNC Automation Ltd Competitors
- Elgi Equipments Ltd - P/E Ratio 44.30
- Lakshmi Machine Works Ltd - P/E Ratio 37.69
- Triveni Turbine Ltd - P/E Ratio 67.76
- TD Power Systems Ltd - P/E Ratio 46.66
- Macropower CNC Machines Ltd- P/E Ratio 51.31
Jyoti CNC Automation Investors
- Goldman Sachs
- Nomura Funds
- Natixis Equity Fund
- Optimix Wholesale Global
- The Master Trust Bank of Japan
- Prudential Hong Kong
- Carmignac Portfolio
- Allianz Global Invrestors Fund
- Eastspring Investments India Fund
Conclusion
The listing date of the company on the NSE was 16th January 2024 at Rs 331. The stock opened at Rs 331 on the NSE. On the first trading day, the stock closed at Rs 372.00 per share, showing a premium of Rs 12.39 per share.
jyoti cnc share price company resumed its IPO on 9th January 2024 for a three-day period. The order book of the company is estimated to be worth over Rs 3.300 crores. The order book is likely to be a key factor in sustaining the positive trend of the company's share price.
India Property Dekho advises investors to carefully analyze market trends, key vulnerabilities, and possible threats to the company's stock and to seek the opinion of an expert before making any investment related commitments.
