PTC Industries zooms as its arm gets nod from IAI to supply components for Aerospace applications
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PTC Industries is currently trading at Rs. 2477.00, up by 118.70 points or 5.03% from its previous closing of Rs. 2358.30 on the BSE.
The scrip opened at Rs. 2393.00 and has touched a high and low of Rs. 2552.00 and Rs. 2369.30 respectively. So far 2229 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3080.00 on 02-Nov-2022 and a 52 week low of Rs. 1304.73 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2552.00 and Rs. 2300.00 respectively. The current market cap of the company is Rs. 3298.73 crore.
The promoters holding in the company stood at 67.93%, while Non-Institutions held 32.07% stake in the company.
PTC Industries’ wholly owned subsidiary -- Aerolloy Technologies has been approved by Israel Aerospace Industries (IAI), for supply of cast components for Aerospace applications. This is the first time that IAI is sourcing such cast components from India.
Israel Aerospace Industries is a world leader in defence, aerospace, and commercial markets and uses cutting-edge technology and decades of combat-proven experience to deliver solutions for national defence and security concerns.
Incorporated in 1963, PTC Industries is a manufacturer of high-quality engineering components for various critical and super-critical applications.
