PTC Industries shines on signing MoU with Nasmyth UK

28 Dec 2023 Evaluate

PTC Industries is currently trading at Rs. 6088.00, up by 106.50 points or 1.78% from its previous closing of Rs. 5981.50 on the BSE.

The scrip opened at Rs. 6050.00 and has touched a high and low of Rs. 6284.40 and Rs. 6050.00 respectively. So far 270 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6790.00 on 15-Dec-2023 and a 52 week low of Rs. 2234.00 on 16-May-2023.

Last one week high and low of the scrip stood at Rs. 6284.40 and Rs. 5767.55 respectively. The current market cap of the company is Rs. 8120.06 crore.

The promoters holding in the company stood at 67.03%, while Institutions and Non-Institutions held 2.04% and 30.93% respectively.

PTC Industries and Nasmyth (UK) have signed a Memorandum of Understanding (MoU) for collaboration to leverage their capabilities for offering solutions to defence and aerospace customers in India and globally. The MOU will see Nasmyth and PTC work together in support of the ‘Make in India’ Atmanirbhar Bharat programme. This cooperation will help PTC expand its capabilities to better support Indian customer requirements and successfully execute those projects. The partnership will focus on developing casting, machining, assembly, and thermal precision engineering capabilities in India.

The collaboration will help to increase capacity in the market, signal a move towards vertically integrated supply chain solutions in India and in turn provide global solutions to OEMs looking for suppliers to de-risk their current supply chains while providing capacity growth opportunities.

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


PTC Industries Share Price

7846.00 169.40 (2.21%)
29-Apr-2024 16:01 View Price Chart
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