DIIs bought 2,33,222 shares: Mukul Agrawal’s portfolio aerospace & defence stock hit upper circuit; Gains Rs 8,20,48,000 in just 1 day
The stock gave multibagger returns of 625 per cent in 3 years and a whopping 7,800 per cent in 5 years.
On Tuesday, shares of PTC Industries Ltd hit 5 per cent upper circuit to Rs 10,787 per share from its previous closing of Rs 10,274.2 per share. The stock’s 52-week high is Rs 17,978 per share and its 52-week low is Rs 7,025 per share.
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.
Aerolloy Technologies, a PTC Industries subsidiary, marked a pivotal achievement by commissioning India's first private sector Vacuum Arc Remelting (VAR) furnace for aerospace-grade Titanium alloy ingots, boasting a 1,500 MT annual capacity and placing them among global leaders, while simultaneously expanding its capabilities through the acquisition of UK-based Trac Precision Solutions, enhancing precision machining expertise for aerospace and defense; these developments, coupled with the strategic onboarding of Frederic Oudelet as VP of Engineering (Castings) and a partnership with the Odisha government to establish a Titanium Sponge manufacturing facility, create a fully integrated manufacturing value chain, from raw material to finished product, significantly strengthening India's self-reliance in critical aerospace and defense materials and positioning PTC as a global powerhouse in the titanium industry.
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The company has a market cap of over Rs 16,000 crore and reported stellar numbers in its Quarterly Results (Q3FY25) and annual results (9MFY25). According to quarterly results, the net sales increased by 21 per cent to Rs 66.92 crore and net profit increased by 76 per cent to Rs 14.24 crore in Q3FY25 compared to Q3FY24. Looking at the nine-month results, the net sales increased by 1 per cent to Rs 186.16 crore and the net profit increased by 33 per cent to Rs 36.45 crore in 9MFY25 compared to 9MFY24.
As of December 2024, DIIs bought 2,33,222 shares and increased their stake to 6.49 per cent compared to September 2024 and Mukul Agrawal owns 1,60,000 shares or 1.07 per cent stake compared to December 2024. In just 1 day, Mukul Agrawal’s portfolio gains Rs 8,20,48,000 from this stock. The stock gave multibagger returns of 625 per cent in 3 years and a whopping 7,800 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.