2,070 per cent returns: This multibagger forging stock signs a long-term purchase agreement with Dassault Aviation!

Shares of the company gained more than 70 per cent in the last three years.

Aerospace ambitions in India just got a massive boost. Aerolloy Technologies, a subsidiary of PTC Industries, has inked a game-changing agreement with Dassault Aviation, the makers of the Rafale fighter jets. This multi-year deal marks a significant win for India's "Make in India" initiative, with Aerolloy poised to manufacture the full range of titanium castings for the Rafale starting in 2024.

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But the scope goes beyond the Rafale. The agreement extends to supplying titanium parts for Dassault's Falcon business jet program, showcasing Aerolloy's capabilities in the broader aerospace sector. This strategic partnership aligns perfectly with India's "Aatmanirbhar Bharat" aspirations, aiming for self-reliance in critical defence technology.

The deal signifies a vote of confidence in Aerolloy's expertise in advanced materials and manufacturing. It opens doors for further collaboration, potentially expanding into other Dassault aircraft programs. This not only strengthens India's defence aviation manufacturing but also positions PTC Industries as a trusted supplier on the global aerospace stage.

While financial performance for PTC Industries paints a somewhat mixed picture, with modest sales growth but decreased operating profit, this Rafale deal marks a monumental leap forward. It injects a shot of confidence and growth potential for PTC, propelling them further into the exciting world of high-tech aerospace manufacturing.

PTC Industries Limited is engaged in the manufacturing of high-quality engineering components of steel and titanium castings for various critical and super-critical applications in the defence sector and medical equipment industry, among others. PTC has a wholly owned subsidiary, ATL, engaged in titanium castings manufacturing. The stock has also delivered multibagger returns of over 2000 per cent in the last three years.

The stock has shown impressive growth, and investors should keep a close eye on this stock.         

Disclaimer: The article is for informational purposes only and not investment advice.