Clocked 52-week high: This small-cap stock hit the upper circuit on investing in a new plant, do you have it?
The share price has witnessed a massive rally of over 2,280 per cent in three years.
Today, PTC Industries Ltd shares hit the upper circuit on Bse as stock shares get listed on Nse. The stock has rallied over 43 per cent in one week, while it has risen more than 90 per cent in one year. PTC Industries share price has witnessed a massive rally of over 2,280 per cent in three years.
The shares of this company opened at Rs 3,149 and touched intraday high and low of Rs 3,672.80 and rs3,130.45 respectively. Shares of the company saw a spurt in volume by more than 1.41 times on BSE.
The company is investing Rs 300 crore to set up a titanium recycling plant in Lucknow as it eyes to be an aerospace and defense supplier. The proposed titanium recycling facility will be the first of its kind plant in the private sector in the country. The proposed facility, which will come up over the next three to four years, will recycle the waste generated by the aerospace industry while making titanium castings.
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The company had reported a consolidated net profit of Rs 9.2 crore in the quarter ended March 2023, nearly doubling from Rs 4.6 crore in the year-ago period. Its total income increased 19 per cent YoY to Rs 62.7 crore from Rs 52.7 crore.
Incorporated in 1963, PTC Industries is a manufacturer of high-quality engineering components for various critical and super-critical applications.