India’s CNC Boom Puts Jyoti and Macpower Stocks to Watch

CNC machines are computer-controlled tools that make very precise metal parts.

These parts are used in aircraft, missiles, engines, vehicles and other defence equipment.

India is trying to manufacture more aerospace and defence products inside the country.

This could increase demand for advanced CNC machines.

Jyoti CNC Automation is the larger of the two companies discussed and has a bigger aerospace and defence order book.

Macpower CNC Machines is expanding its defence business and focusing more on expensive, specialized machines.

Both companies are increasing production capacity to meet possible future demand.

However, investors still need to watch whether new capacity and bids actually become sales, and whether the companies’ high valuations are justified.