Jyoti CNC IPO: While strong brand presence and robust market share are undeniable, the financial concerns and hefty valuation necessitate a cautious approach
Share Price of Jyoti CNC Automation surged nearly 13% after a successful debut on the exchanges, trading at Rs 418 apiece, up 27% over the issue price. The market optimism is based on the company s market leadership, global presence in CNC machine manufacturing, and strong client base. Concerns remain regarding the high valuations. Analysts recommend booking profits and advise evaluating the company s quarterly performance for further investment.