Mukul Agrawal’s portfolio multibagger aerospace & defence stock saw heavy buying; hit 5 per cent upper circuit on August 27 – Check details inside!
The stock gave multibagger returns of 150 per cent in just 1 year, 1,285 per cent in 3 years and a whopping 8,960 per cent in 5 years.
Today, shares of PTC Industries Ltd hit a 5 per cent upper circuit to Rs 14,575.45 per share from its previous closing of Rs 13,881.40 per share. The stock’s 52-week high is Rs 15,650 and its 52-week low is Rs 4,473.40.
The sudden rise in the stock price was due to PTC Industries having significantly enhanced its manufacturing capabilities through the acquisition of a Hot Rolling Mill. This strategic move will enable the company to produce high-quality titanium alloy plates and sheets, primarily for aerospace and defence applications. The acquisition of this advanced technology from the United States marks a major milestone for PTC Industries' subsidiary, Aerolloy Technologies Limited (ATL).
The Hot Rolling Mill will be integrated with ATL's upcoming Strategic Materials Technology Complex in Lucknow. This vertical integration will allow the company to offer a comprehensive range of titanium alloy products, including ingots, billets, bars, rods, castings, and now plates and sheets. This unique capability, on a global scale, positions PTC Industries as a leading player in the titanium industry. The ability to manufacture thinner titanium sheets, which are essential for applications like aircraft wings and marine engineering, further solidifies the company's position in the market.
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About the Company
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 specialize 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).
An ace investor, Mukul Agrawal owns a 1.16 per cent stake as of June 2024 and DIIs increased their stake to 1.25 per cent in June 2024 compared to 0.44 per cent in March 2024. The stock gave multibagger returns of 150 per cent in just 1 year, 1,285 per cent in 3 years and a whopping 8,960 per cent in 5 years. Investors should keep an eye on this defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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