DIIs Bought 5,53,500 Shares; FIIs Bought 1,94,082 Shares & Mukul Agrawal Owns 1,60,000 Shares: Multibagger Defence Stock Jumps 213 Per Cent From 52-Week Low
The stock gave multibagger returns of 213 per cent from its 52-week low, 1,120 per cent in 3 years and a whopping 8,550 per cent in 5 years.
On Wednesday, shares of PTC Industries Ltd gained 4.66 per cent upper circuit to Rs 14,014.40 per share from its previous closing of Rs 13,390.05 per share. The stock’s 52-week high is Rs 15,650 and its 52-week low is Rs 4,473.40. The shares of the company saw a spurt in volume by more than 1.20 times on BSE. s
PTC Industries Limited is a global leader in manufacturing precision metal components for critical and supercritical applications in sectors like defence, oil & gas and marine. They specialise in producing castings, machined components, and fabricated parts using a wide range of advanced materials, including titanium alloys, stainless steel and nickel-based alloys, to meet the stringent demands of these industries. The company has a market cap of Rs 20,000 crore and reported positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24).
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PTC Industries, a renowned manufacturer of engineering metal components, has secured a substantial order from BAE Systems to supply Titanium castings for the M777 Ultra-Lightweight Howitzer (ULH). These castings, including Spade Trails and Blades, were developed by PTC Industries over the past two years. This significant order marks a milestone in the company's partnership with BAE Systems and showcases its technological expertise in delivering mission-critical components for advanced defence platforms. The castings will be produced at PTC Industries' state-of-the-art facility in Lucknow, Uttar Pradesh, and will contribute to the M777 ULH's lightweight and superior performance.
As of September 2024, DIIs bought 5,53,500 shares and increased their stake to 4.94; FIIs bought 1,94,082 shares and increased their stake to 4.53 per cent & Mukul Agrawal owns 1,60,000 shares or 1.07 per cent stake compared to June 2024. The stock gave multibagger returns of 213 per cent from its 52-week low, 1,120 per cent in 3 years and a whopping 8,550 per cent in 5 years. Investors should keep an eye on this aerospace defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.