Mukul Agrawal bought 1,67,000 shares & FIIs bought 5,51,688 shares of this multibagger defence stock in FY24; Hit 52-week high on July 02

The stock gave multibagger returns of 230 per cent in just 1 year, 1,600 per cent in 3 years and a whopping 8,650 per cent in 5 years.

Today, shares of PTC Industries Ltd gained 7.51 per cent to an intraday high of Rs 15,250.70 per share from its previous closing of Rs 14,185.55 per share. The stock also made a fresh new 52-week high of Rs 15,250.70 and its 52-week low is Rs 3,752.10.

PTC Industries Limited, a leading Indian manufacturer of precision metal components for critical applications for over 60 years, is a major player in the aerospace and defence sector through its subsidiary Aerolloy Technologies. They are significantly expanding their capabilities by investing in a new, state-of-the-art facility on 50 acres of land in Uttar Pradesh. This new location will be fully integrated, housing a Titanium and Superalloy Mill to produce aerospace-grade materials and manufacture castings for domestic and international applications. Beyond aerospace, PTC Industries remains a key supplier of metal components across various industries like defence, oil & gas, and marine, with a strong market cap exceeding Rs 20,000 crore and recent positive financial results.

An ace investor, Mukul Agrawal bought 1,67,000 shares and FIIs bought 5,51,688 shares in March 2024 compared to Nil shareholdings in March 2023. The stock gave multibagger returns of 230 per cent in just 1 year, 1,600 per cent in 3 years and a whopping 8,650 per cent in 5 years.

Also Read: President of India & LIC-backed multibagger stock under Rs 100 gains rockets over 10 in just 1 hour with spurt by more than 4 times!

Earlier, the company announced that Aerolloy Technologies Limited (a wholly owned subsidiary of PTC Industries Limited, herein referred to as “ATL”), a manufacturer of strategic and critical materials and high-integrity metal components, for various critical and super-critical applications in aerospace, is excited to announce that we have successfully developed the most advanced casting technology for manufacturing Single Crystal and Directionally Solidified blades and vanes for Aero-engine and Industrial Gas Turbine applications. The company has set up this manufacturing capability at its Lucknow facility. This technological know-how makes PTC the only company to have this capability in India and amongst very few in the world. This technology till now has been kept very closely guarded and access to this technology has remained restricted for any country in the developing world. The creation of this indigenous capability by the company is a major milestone for the company in achieving its overarching objective (Dharma) – to achieve Parity.

This capability and its related infrastructure will enable the company to produce Airfoils (blades and vanes) with complex internal hollow cooling passages while having highly specialized microstructures like Single Crystal or Directionally Solidified. This manufacturing technology is extremely specialized and has traditionally been closely guarded by industry leaders in 3 – 4 countries worldwide. With this strategic advancement, the company is now among very few companies in the world to have the technology and capability to manufacture and deliver these most advanced metallurgical components.

Investors should keep an eye on this stock.

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