Jyoti CNC Share Price 2024 opened its initial public offering (IPO) on January 9, 2024. By the end of the 3-day IPO, the company's share price had been subscribed around 40 times. The company's share price is affected by various factors that affect the stock's performance in the market. In this article, we'll provide you with details about this CNC company so that you can understand the share price of this company in 2024, 2025, 2026 and 2030.
The company is based in Rajkot (Gujarat, India) and manufactures Computer Numerical Control (CNC) machinery. The company's products include CNC turning mills, vertical machining centers, horizontal machining centers, CNC 5 Axis machining centres, and CNC multi tasking machines. The company has three manufacturing facilities: two in Gujrat, one in Strasbourg (France), and one in Rajkot. These facilities are used for the design, development, and production of CNC machines.
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 went up to Rs 372, which is 38.53 percent premium to the initial share price (Rs 332 per share) on the BSE. The company's IPO was opened on January 9, 2024, and the listing date was extended to January 16, 2024.
The company has received orders for a total amount of Rs 3.315 crore from various end-users, including Rs 305 crore from a CNC manufacturer. Jyoti Corporation 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 |
January | Rs 443.40 |
February | Rs 449.45 |
March | Rs 450.50 |
April | Rs 451.50 |
May | Rs 449.60 |
June | Rs 450.75 |
July | Rs 452.75 |
August | Rs 456.80 |
September | Rs 458.90 |
October | Rs 460.90 |
November | Rs 462.95 |
December | Rs 466.13 |
Jyoti CNC Share Price Target (2025)
Month (2025) | Average Target |
January | Rs 467.10 |
February | Rs 469.10 |
March | Rs 478.20 |
April | Rs 483.20 |
May | Rs 489.15 |
June | Rs 495.10 |
July | Rs 499.20 |
August | Rs 508.30 |
September | Rs 519.35 |
October | Rs 527.40 |
November | Rs 531.40 |
December | Rs 536.15 |
Jyoti CNC Share Price Target (2026 to 2030)
Year | Target Range |
2026 | Rs 538 - 580 |
2027 | Rs 581 - 623 |
2028 | Rs 625 - 673 |
2029 | Rs 674 - 695 |
2030 | Rs 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
jyoti cnc share price was listed on the NSE on January 16, 2024 at Rs 331. The stock opened at Rs 372 on the NSE, showing a 12.39% premium on the first day. The company resumed its IPO on January 9, 2024, for a three-day period.
The company has won orders worth over Rs 3.300 crore, which is likely to be a key factor in keeping the company's share price on the good side of the market trend.
India Property Dekho advises investors to carefully analyze market trends, key vulnerabilities, and risks to the stock, and to seek the opinion of an expert before committing to any investment.
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