PTC Industries shares: PTC Industries is one of the companies that have given great returns in the stock market in the last few years. Within just one year, the share price of this company has increased by 115 percent. At the same time, investors who invested in this stock 5 years ago and held it till now have got a return of 350 percent. Veteran investor Mukul Agarwal has also invested in this company. Experts seem to be very bullish about the performance of PTC Industries.
What is the reason behind the rise in the shares of PTC Industries?
Avinash Gorakshakar said that if investors want to earn more profit, they can hold the shares of PTC Industries. Avinash says, “PTC Industries is one of those stocks that can be held for medium to long term. The company has work orders for the next two years. The company’s revenue and business have been very good during the last few quarters. The recent decline is due to profit booking. My advice is that any kind of decline will be a good opportunity to bet on the company’s shares.”
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What is the target price?
Sumit Bagadia of Choice Broking says, “PTC Industries shares are looking bullish on the technical chart. Shareholders of PTC Industries can hold by applying a stop loss of Rs 13,900. In the short term, the target price of PTC Industries will be Rs 15,500. At the same time, new investors can also hold the company’s shares by applying a stop loss of Rs 13,900. New investors can buy this stock on any fall to Rs 13,900.”
The company’s shares fell today
Today, the company’s shares opened at Rs 14,305 in BSE with a decline compared to yesterday. However, some recovery was seen after this. Due to which the stock price reached Rs 14,500. But again a softening has been seen in the stock. The company’s shares were trading in the zone of Rs 14,300 at 2.30 minutes.
