Jyoti CNC Share Price 2024
- Jan 18, 2024
- | 62
Jyoti CNC Share Price 2024 first mainboard IPO of 2024 was opened on January 9, 2024 and was subscribed about 40 times till the end of the 3-day opening period. The share price of Jyoti can be affected by various factors that affect the performance of the stock in the market. This article will provide you the details of the CNC company so that you can understand the share price of this company in 2024, 2025, 2026, and 2030.
The company Jyoti is the second largest CNC manufacturer in India. It has three manufacturing plants, two in Gujarat and one in France. These plants are used for the design, development, and production of CNC machines. The company also manufactures CNC turning mills, VMCs, HMCs, CNC 5 axis machining centres, and multi tasking machines.
Jyoti CNC’s automation Recent News Headlines
On Tuesday, Jan. 16, 2024, the jOYTI CNC Share price opened at Rs. 372 per share on the NSE, which is a premium of Rs. 331 per share over its initial public offering (IPO) price. On the BSE, Jyoti Corporation opened at Rs. 332 per share, which is an increase of Rs. 305 crores compared to its IPO price. Jyoti Corporation’s share price has gained 38.53% on the third day of subscription since its listing on the NSE on January 9, 2024.
The company’s revenue increased by 27% in FY 2022-23, and its after-tax profit increased by 131.18%. Jyoti Corporation has received orders of Rs. 3,315 crore from various end-users, including a CNC manufacturer and an electronics manufacturing service company.
The following tables will take you through the representation of Jyoti CNC Share Price NSE predictions in its upcoming years of trading in the Indian Share Market.
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 |
(financerule.com)
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 |
(financerule.com)
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
The listing date of the company was 16th January 2024 with an issue price of Rs 331 on the NSE. The stock opened well on the first day of trading at Rs 372.00 per share, which was a 12.39 percent premium. The company’s IPO resumed on 9th January, 2024 for a three-day period.
Jyoti CNC Share Price 2024 company has received orders worth over Rs 3,300 crore, which could prove to be a key factor in keeping the company’s share price on the good side of the market trend.
However, it is important for an investor to carefully analyze the market trends, key vulnerabilities, and potential risks to the stock and to seek the opinion of an expert before making any investment-related commitments.
