Heavy Buying Alert: Mukul Agrawal-Backed Multibagger Defence Stock Hit Upper Circuit On November 19
The stock gave multibagger returns of 119.5 per cent from its 52-week low, 875 per cent in 3 years and a whopping 7,800 per cent in 5 years.
On Tuesday, shares of PTC Industries Ltd hit a 5 per cent upper circuit to Rs 11,710.20 per share from its previous closing of Rs 11,152.60 per share. The stock’s 52-week high is Rs 15,650 and its 52-week low is Rs 5,336. The shares of the company saw a spurt in volume by more than 2 times on BSE.
PTC Industries made significant strides in Q2FY25, notably with the acquisition of a Hot Rolling Mill from the USA. This strategic move empowers the company to produce Titanium Alloy Plates and Sheets, crucial for Aerospace and Defence applications. Coupled with ATL's new Lucknow facility, this integration creates a comprehensive Titanium alloy value chain at a single site. The ability to produce thinner titanium sheets promises enhanced profitability and a unique global market position. Additionally, Aerolloy Technologies secured a groundbreaking order from Israel Aerospace Industries (IAI) for Titanium cast components, marking India's first such supply to IAI. Furthermore, PTC Industries clinched a substantial contract from BAE Systems to deliver Titanium castings for the M777 Ultra-Lightweight Howitzer, a testament to the company's two-year development efforts and strong partnership with BAE Systems. This achievement underscores PTC's capacity to provide essential components for advanced defence platforms.
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The company has a market cap of Rs 17,000 crore and reported stellar numbers in its Quarterly Results (Q2FY25) and annual results (H1FY25). According to quarterly results, the net sales increased by 26 per cent to Rs 72.37 crore and net profit increased by 113 per cent to Rs 17.31 crore in Q2FY25 compared to Q2FY24. Looking at the half-yearly results, the net sales decreased by 8 per cent to Rs 119.23 crore and net profit increased by 14 per cent to Rs 22.20 crore in H1FY25 compared to H1FY24.
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.
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 119.5 per cent from its 52-week low, 875 per cent in 3 years and a whopping 7,800 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.