PTC Industries shares: PTC Industries Ltd.’s shares saw an intraday high of Rs 15,250.70 per share today, up 7.51% from their previous closing price of Rs 14,185.55 per share. In addition, the stock hit a new 52-week high of Rs 15,250.70 and a low of Rs 3,752.10.
Through its subsidiary Aerolloy Technologies, PTC Industries Limited, a prominent Indian manufacturer of precision metal components for critical applications for more than 60 years, is a significant player in the aerospace and defense industries. According to Dalal Street Investment Journal, they are investing in a brand-new, cutting-edge facility on 50 acres of land in Uttar Pradesh, which will greatly increase their capacities.
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This new site will be completely integrated, with a titanium and superalloy mill to provide materials of aeronautical quality and castings for both local and foreign markets. Beyond aerospace, PTC Industries continues to be a major supplier of metal components to a wide range of industries, including marine, oil and gas, and defense. Its market capitalization is substantial, surpassing Rs 20,000 crore, and it has recently produced profitable results.
Compared to Nil shareholdings in March 2023, expert investor Mukul Agrawal purchased 1,67,000 shares and FIIs purchased 5,51,688 shares in March 2024. The stock produced multi-bagger returns of 230% in less than a year, 1,600% in three years, and an astounding 8,650% in five years.
The company previously announced that it has successfully developed the most advanced casting technology for manufacturing single-crystal and directly solidified blades and vanes for Aero-engine and Industrial Gas Turbine applications.
Aerolloy Technologies Limited, a wholly owned subsidiary of PTC Industries Limited, herein referred to as “ATL”, is a manufacturer of strategic and critical materials and high-integrity metal components, for various critical and super-critical applications in aerospace.
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The company has established this manufacturing capacity at its Lucknow location. PTC is the only firm in India and one of the few in the world with this kind of technological know-how. This technology has up until now been extremely carefully guarded, and no developing nation has been able to have access to it. The company’s development of this in-house competence represents a significant step toward the realization of its main goal (Dharma), which is parity.
This capacity and the accompanying infrastructure will enable the company to create airfoils (blades and vanes) with complex internal hollow cooling tunnels and highly specialized microstructures such as Single Crystal or Directionally Solidified. Extremely specialized top corporations in three or four different nations have traditionally fiercely guarded this manufacturing technique. Thanks to this strategic success, the company is today among the few in the world with the ability and capacity to manufacture and deliver these innovative metallurgical components.
Investors ought to monitor this stock closely.
