Jyoti CNC Automation rises on getting nod to make fresh investment in Jyoti SAS
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Jyoti CNC Automation is currently trading at Rs. 449.45, up by 0.65 points or 0.14% from its previous closing of Rs. 448.80 on the BSE.
The scrip opened at Rs. 450.10 and has touched a high and low of Rs. 456.05 and Rs. 446.00 respectively. So far 70282 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 483.95 on 18-Jan-2024 and a 52 week low of Rs. 370.05 on 16-Jan-2024.
Last one week high and low of the scrip stood at Rs. 456.05 and Rs. 410.50 respectively. The current market cap of the company is Rs. 10195.38 crore.
The promoters holding in the company stood at 47.55%, while Non-Institutions held 52.45% in the company.
Jyoti CNC Automation has received approval from Board of Directors for fresh investment of Rs 150 crore in Jyoti SAS, a Wholly Owned Subsidiary of the Company. The objective of investment is to acquire 100% stake in step down operating subsidiary Huron Graffenstaden SAS. Jyoti SAS was incorporated to acquire 100% Stake in Step down operating subsidiary Huron Graffenstaden SAS.
Jyoti CNC Automation is one of the world’s leading manufacturers of metal cutting Computer Numerical Control machines.
