Multibagger aerospace & defence stock to keep under radar as company receives new order from Israel Aerospace Industries (IAI)
The stock gave multibagger returns of 150 per cent in just 1 year, 1,240 per cent in 3 years and a whopping 8,800 per cent in 5 years.
Today, shares of PTC Industries Ltd gained 1.44 per cent to Rs 14,495 per share from its previous closing of Rs 14,428.45 per share. The stock’s 52-week high is Rs 15,650 and its 52-week low is Rs 4,473.40.
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, has received an order from Israel Aerospace Industries (IAI), for the supply of Titanium cast components for Aerospace applications. This is the first time that IAI is sourcing such cast components from India.
PTC Industries has significantly enhanced its manufacturing capabilities with the acquisition of a Hot Rolling Mill. This strategic move positions the company as a global leader in the titanium industry. The new mill, integrated into ATL's upcoming complex in Lucknow, will enable ATL to offer a comprehensive range of titanium products, including high-quality plates and sheets for aerospace and defence applications. This acquisition demonstrates PTC Industries' commitment to innovation and technological advancements.
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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 21,000 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, 1,240 per cent in 3 years and a whopping 8,800 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.
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