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Jyoti CNC Automation Shares See 28% Upside Potential As Yes Securities Initiates Coverage — Check Target Price

Current order backlog of Rs. 44.1 billion provides revenue visibility for the next 18-24 months, adds Yes Securities.

<div class="paragraphs"><p>Jyoti CNC specializes in production of high-precision CNC lathes, vertical machining centers, horizontal machining centers and custom automation solutions.</p><p>(Source: nuraghies/Freepik)</p></div>
Jyoti CNC specializes in production of high-precision CNC lathes, vertical machining centers, horizontal machining centers and custom automation solutions.

(Source: nuraghies/Freepik)

Jyoti CNC’s order intake has more than doubled during FY22-25, implying a CAGR growth of 33% - amidst post-Covid demand recovery across the globe. The brokerage expect orders to grow a >20% CAGR led by significant pickup in EMS orders, and continued traction in A&D and Autos.
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