PTC Industries shines on signing MoU with Safran Aircraft Engines

30 Nov 2022 Evaluate

PTC Industries is currently trading at Rs. 2899.00, up by 110.70 points or 3.97% from its previous closing of Rs. 2788.30 on the BSE.

The scrip opened at Rs. 2703.00 and has touched a high and low of Rs. 2900.00 and Rs. 2701.00 respectively. So far 2844 shares were traded on the counter.

The BSE group 'T' 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. 1184.62 on 30-Nov-2021.

Last one week high and low of the scrip stood at Rs. 2900.00 and Rs. 2651.80 respectively. The current market cap of the company is Rs. 3696.09 crore.

The promoters holding in the company stood at 69.41%, while Non-Institutions held 30.59% stake in the company.

PTC Industries and Safran Aircraft Engines have signed a Memorandum of Understanding (MoU) to explore opportunities for strategic business cooperation to leverage the complementary talents, technologies and capabilities of both Parties and support development of a robust domestic Defence and Civil Aerospace ecosystem and supply chain in India, consistent with the goals of the Government of India’s ‘Make in India’ initiative.

The organisations will identify and develop opportunities for cooperation and partnership on various fronts to meet the anticipated requirements of the military and aerospace sectors. Through this MoU, PTC and SAE shall discuss and assess the business opportunities for a broader scope of collaboration in the design, development, manufacture, maintenance, training, and upgrade of high-thrust aero engines.

Incorporated in 1963, PTC Industries is a manufacturer of high-quality engineering components for various critical and super-critical applications.

PTC Industries Share Price

8652.10 310.20 (3.72%)
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