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Jyoti CNC Automation IPO: Financial hiccups, including past losses and a negative return on equity, cast a shadow on the companys otherwise attractive profile, say analysts

Foreign institutional investors (FIIs) sold shares worth Rs 990.90 crore, while domestic institutional investors (DIIs) purchased Rs 104.23 crore worth of stocks on January 9, provisional data from the NSE showed.

Jyoti CNC Automation IPO: Ahead of the IPO, the company garnered Rs 447.75 crore from 37 anchor investors.

Jyoti CNC Automation IPO will close on January 11 and the price band has been fixed at Rs 315-331 per share

Jyoti CNC Automation IPO: The price band for the issue has been fixed at Rs 315-331 per share

Jyoti CNC Automation is a manufacturer and supplier of CNC machines. The company is based in India and specialises in manufacturing and supplying of CNC machines.

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Explore Now New Delhi: Benchmark equity index Nifty managed to end the May F&O series at record closing highs on Thursday amid buying interest seen in cement, bank and IT counters. Though the index witnessed volatility throughout the session, it managed to eke out gains and end 36 points higher. Nifty managed to close above the crucial resistance level of 15,335 on a closing basis, forming a Doji candle on the daily chart. Analysts said the index may face some resistance as it inches towards i...