4,700 per cent returns: Only buyers in this multibagger stock, hit upper circuit & 52-week high; Company signs long-term agreement with Dassault Aviation!

The stock gave multibagger returns of 230 per cent in just 1 year, 2,300 per cent in 3 years and a whopping 4,700 per cent in 5 years.

Today, one of the Top Gainers on BSE, shares of PTC Industries Ltd hit 10 per cent upper circuit to Rs 7913.45 per share from its previous closing of Rs 7194.05. The stock also made a fresh new 52-week high of Rs 7,913.45. The shares of the company saw a spurt in volume by more than 2 times on BSE.

PTC Industries Limited manufactures metal components for critical and supercritical applications for industries like defence, oil & gas, liquefied natural gas (LNG), ships, marine, etc. The company has a market cap of over Rs 10,000 crore and has reported stellar Quarterly Results (Q2FY24) and half-yearly results (H1FY24).

Earlier this month, the company informed 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, and Dassault Aviation, the French global leader in military aircraft, business jets and space systems, announced a multi-year agreement for the supply of Titanium casting parts made in India. From 2024 onwards, Aerolloy will produce the full range of Titanium casting parts for the Rafale multirole fighter aircraft and the Falcon business jet program. This agreement reflects the commitment of both companies to the 'Make in India' and Atmanirbhar Bharat initiatives set forth by the Government of India.

On January 28, 2024, at a momentous banquet hosted by President Murmu for President Macron, witnessing the deepening Indo-French ties was a privilege for our CMD, Mr Agarwal, solidifying this crucial alliance and our shared commitment to global security, particularly in space, aerospace and defence, as exemplified by recent agreements with Safran and Dassault.

The stock gave multibagger returns of 230 per cent in just 1 year, 2,300 per cent in 3 years and a whopping 4,700 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.

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