Jyoti CNC Automation block deal: Shares worth Rs 1,500 crore change hands, stock down 4%- Grow Mudra

Jyoti CNC Automation block deal: Shares worth Rs 1,500 crore change hands, stock down 4%

30 Jun , 2025 By : Debdeep Gupta

Shares of Rajkot-based Jyoti CNC Automation tumbled three percent on the bourses in trade on Monday, June 30 as a large deal took place in the block deal window.

Around 6.06 percent equity or 1.37 crore shares in the firm were traded through the block deal route for Rs 1,499 crore. The shares were exchanged at Rs 1,087 per share, implying a 3.7 percent discount from the previous session's closing price.

At 9.15 am, shares were quoting Rs 1,080.5 on the NSE, lower by roughly 4 percent.

Ahead of the deal, sources to CNBC-TV18 suggested that non-promoter shareholders were looking to offload a six percent stake in the firm via the block deal route. The deal size was likely to be Rs 1,542 crore, with an option to upsize the issue by around Rs 304 crore.

According to the March quarter shareholding details, the promoters in the firm own 62.6 percent. FIIs and DIIs hold 7.2 percent and 10.4 percent in Jyoti CNC Automation, respectively. The public shareholding in the firm is 19.8 percent.

Equirus has an 'add' rating on Jyoti CNC Automation and a target price of Rs 1,450 per share. The brokerage believes the company is well-positioned to capitalise on multiple tailwinds across sectors, both in domestic and international markets.

Jyoti CNC is seen to be ahead of the curve, proactively building capabilities and enhancing capacities to capture emerging opportunities, the brokerage said.

Jyoti CNC reported a 9.36 percent year-on-year rise in net profit to Rs 108.97 crore in the March 2025 quarter, compared to Rs 99.64 crore in the same period last year. Revenue for the quarter grew 27.89 percent to Rs 575.68 crore, up from Rs 450.13 crore in the March 2024 quarter.

Jyoti CNC Automation is a manufacturer and supplier of metal-cutting computer numerical control (CNC) machines. Its customers include ISRO, BrahMos Aerospace, Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shakti Pumps, Rolex Rings, Bosch Limited, HAWE Hydraulics, Festo India and Elgi Rubber.