Mukul Agrawal Holds 1.07 Per Cent Stake: Multibagger Aerospace & Defence Stock Jumps Over 5 Per Cent On January 03

The stock gave multibagger returns of 106 per cent from its 52-week low, 580 per cent in 3 years and a whopping 9,900 per cent in 5 years.

On Friday, shares of PTC Industries Ltd gained 5.8 to Rs 14,026.10 per share from its intraday low of Rs 13,261.15 per share. The stock’s 52-week high is Rs 15,650 and its 52-week low is Rs 6,800.70.

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.

Recently, PTC Industries has established Aerolloy Technologies, a subsidiary housing India's first private Vacuum Arc Remelting (VAR) furnace. This advanced facility, utilizing German technology, allows for the production of high-quality aerospace-grade Titanium alloys, previously reliant on imports. The VAR process, crucial for eliminating impurities and ensuring superior material quality, enables Aerolloy to join a select group of global players with this capability. Aerolloy's VAR furnace, with an annual capacity of 1,500 MT, can produce ingots up to 1,000 mm in diameter. This achievement bridges a critical technological gap in India and propels the nation towards self-reliance in the production of strategic materials. By integrating advanced material production with precision component manufacturing, PTC Industries aims to provide end-to-end solutions for aerospace and defense customers worldwide, solidifying India's position as a global leader in advanced manufacturing and materials technology.

The company has a market cap of Rs 20,000 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.

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 106 per cent from its 52-week low, 580 per cent in 3 years and a whopping 9,900 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.