Multibagger Stock PTC Industries Surged 10%; Here Are The Key Points

On Wednesday shares of PTC Industries Ltd hit 10 per cent upper circuit to Rs 7913.45 per share from its previous closing of Rs 7194.05. The stock also made a fresh new 52-week high of Rs 7,913.45. The shares of the company saw huge gains on BSE.

Earlier, the company informed that Aerolloy Technologies Limited (a wholly owned subsidiary of PTC Industries Limited), a manufacturer of strategic and critical materials and high-integrity metal components, for various critical and super-critical applications in aerospace, and Dassault Aviation announced a multi-year agreement for the supply of Titanium casting parts made in India.

On January 28, 2024, at a momentous banquet hosted by President Murmu for President Macron, witnessing the deepening Indo-French ties was a privilege for the company's CMD, Mr Agarwal.

PTC Industries Limited manufactures metal components for critical and supercritical applications for industries like defense, oil & gas, liquefied natural gas (LNG), ships, marine, etc. For over 56 years, PTC Industries Limited has produced premium engineered components for a range of critical and super-critical applications.

In Uttar Pradesh and Gujarat, PTC operates three completely automated facilities with the newest machinery and a high degree of automation, using the latest technologies, including Replicast®, RapidCast^TM and ForgeCAST^TM. More than 75% of PTC's products are exported to different nations worldwide, where they are purchased by well-known clients like Emerson, Siemens, GE, Alstom, Rolls-Royce, and Metso, among others. The company has a market cap of over Rs 10,000 crore. The stock gave multibagger returns of 230 per cent in just 1 year.