By Debdeep Gupta | 09 Jan, 2024
Jyoti CNC Automation IPO Should you subscribe to Rs 1,000 crore issue
The public issue of Jyoti CNC Automation opened for subscription on January 9. The stock attracted a 30 percent premium in the grey market over the issue price. Despite sky-high valuation, volatile financials, and comparatively lower return ratios, several analysts have assigned a ‘subscribe’ rating to the issue, citing growing industry demand, improving financial risk profile by repaying cert...
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