PTC Industries share price: All eyes will be on multibagger stock BAE Systems on Monday. The company has got a big work from BAE Systems. During the last one year, this multibagger stock has given a return of 130 percent. As soon as the company informed the stock markets that it had received a fresh order, the demand for this stock increased. Due to which the shares of the company went into upper circuit.
The company gave this information
PTC Industries Ltd told the stock exchanges, “We are pleased to inform that we have received the contract from BAES Systems to supply titanium castings for the 777 Ultra-Lightweight Howitzer (ULH). The company has developed titanium casting in the last 2 years.” If seen from the company’s perspective, this order is a big task for them.
PTC Industries will produce titanium castings for the M777 ULH at its production center in Lucknow. BAE Systems’ M777 ULH is the lightest howitzer gun at 4.3 metric tons. Due to titanium casting, the weight of this gun is reduced significantly. It can also be taken from one place to another through helicopter.
Also read:LIC reduced stake in this company, sold 68 lakh shares
In BSE yesterday i.e. on Friday, the shares of PTC Industries closed at the level of Rs 13652.15 with a rise of more than 4 percent. Earlier, after imposing 5 percent upper circuit, the price of the company’s shares was Rs 13102.75. The share price of PTC Industries has increased by 105 percent so far in 2024. At the same time, investors holding this stock for 6 months have got a return of 85 percent. Let us tell you, the 52 week high level of PTC Industries in BSE is Rs 15,650 and 52 week low level is Rs 4,473.40. The market cap of the company is Rs 20,438.89 crore.
(This is not investment advice. The stock market is subject to risks. Consult experts before making any investment.)
