Multibagger Small Cap Stock Hits Upper Circuit On Deal With Safran Aircraft Engines

Multibagger Industrial Consumables sector stock PTC Industries today hit 5% upper circuit on BSE after it declared a multi-year contract with Safran Aircraft Engines to develop industrial cooperation for LEAP engines casting parts. Last trading price of PTC Industries shares on BSE is Rs 5164.75 per share with intraday gain of 5.00%. PTC Industries stock also hit upper circuit on November 12, and November 13, 2023. PTC Industries shares delivered 120% return in last 6-months. Check details below:

PTC Industries Inks Pact With Safran Aircraft Engines: According to the BSE filing of the company issued today, "Under the terms of the contract, PTC Industries will produce titanium-casting parts for Safran Aircraft Engines. This agreement reflects commitment to Indian Government "Make in India" policy. Safran Aircraft Engines' ambition is to develop a comprehensive aero engines ecosystem in India, strengthening its global supply-chain built for the LEAP production ramp-up."

"We are delighted to develop a new cooperation with one of the world-leading aircraft engine manufacturer," said Sachin Agarwal, Chairman & Managing Director, PTC Industries. "Through this partnership, we are looking forward to leveraging our expertise in casting process to support the ambitious production challenges of the LEAP program."
"Having PTC industries expanding our global supply chain is a major step forward for our company", said Dominique Dupuy, Vice President Purchasing, Safran Aircraft Engines. "PTC, with its investment in its new facilities in Lucknow, pave the way to a successful cooperation over the coming years."

PTC Industries Share Performance & Return: Current market price of PTC Industries stock on BSE is Rs 5164.75 per share with intraday gain of 5.00%. Its 52-week high price is Rs 6334.35 per share and 52-week low price is Rs 2234.00 per share, respectively. The company has a market capitalisation of Rs 7004.57 crore. PTC Industries shares delivered 105% return year-to-date, gained 77% in last 1-year, soared 395% in last 2-years, and jumped 1319% in last 3-years. In last 5-years, PTC Industries shares rose 2547%.

PTC Industries About: PTC Industries Limited is a leading Indian manufacturer of precision metal components for critical applications for PTC Industries Limited is a leading Indian manufacturer of precision metal components for critical applications for and supplying Titanium and Superalloy castings for Aerospace and Defence applications within India as well as for exports. The company is substantially expanding its Aerospace castings capability by making a multi-million-dollar investment in a new state-of-the-art manufacturing facility at the newly acquired 50 acres land in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor.

About Safran Aircraft: Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 83 000 employees and sales of 19.0 billion euros in 2022, and holds, alone or in partnership, world or regional leadership positions in its core markets.