PTC Industries is currently trading at upper limit of Rs. 13881.40, up by 661.00 points or 5.00% from its previous closing of Rs. 13220.40 on the BSE.
The scrip opened at Rs. 13227.00 and has touched a high and low of Rs. 13881.40 and Rs. 13227.00 respectively. So far 233 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 15650.00 on 10-Jul-2024 and a 52 week low of Rs. 4473.40 on 13-Nov-2023.
Last one week high and low of the scrip stood at Rs. 13905.00 and Rs. 12920.00 respectively. The current market cap of the company is Rs. 20045.95 crore.
The promoters holding in the company stood at 62.88%, while Institutions and Non-Institutions held 4.60% and 32.53% respectively.
PTC Industries’ wholly owned subsidiary -- Aerolloy Technologies (ATL) has acquired Hot Rolling Mill for manufacturing Plates and Sheets in Titanium Alloys for Aerospace and Defence applications. This advanced capability being acquired from USA represents a significant milestone for the company. This will be a further value addition of Titanium Alloy ingots and billets that will be produced by ATL’s upcoming Strategic Materials Technology Complex in Lucknow node of the UP Defence Industrial Corridor (UPDIC).
With this Hot Rolling Mill acquisition the company will have a fully Vertically Integrated capability which covers the entire Titanium alloy products Value Chain, with company’s offering covering Titanium Alloy Ingots, Billets, Bars, Rods, Castings and now Plates and Sheets also.
Hot Rolling technology to manufacture Titanium plates and sheets is scarce capability in the world. This manufacturing capability will enable the production of thinner titanium sheets as well, which are integral to defence and aerospace applications such as aircraft wings and marine engineering for corrosion resistant ship components, etc.
PTC Industries is a manufacturer of high-quality engineering components for various critical and super-critical applications.
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