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PTC Industries surges on signing MoU with Hindustan Aeronautics

08 Feb 2024 Evaluate

PTC Industries is currently trading at Rs. 8920.00, up by 36.70 points or 0.41% from its previous closing of Rs. 8883.30 on the BSE.

The scrip opened at Rs. 9000.00 and has touched a high and low of Rs. 9538.75 and Rs. 8866.05 respectively. So far 3138 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 9538.75 on 08-Feb-2024 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. 9538.75 and Rs. 7936.65 respectively. The current market cap of the company is Rs. 12784.77 crore.

The promoters holding in the company stood at 66.96%, while Institutions and Non-Institutions held 2.21% and 30.83% respectively.

PTC Industries and Hindustan Aeronautics (HAL), Accessories Division, Lucknow a Navaratna Public Sector undertaking under the Ministry of Defence, Government of India, have signed a Memorandum of Understanding (MoU) for cooperation for Indigenization of various Aviation Grade Raw Materials (Titanium & Nickel Base Super Alloys, Special Steels), Components, Spares, Sub – assemblies & LRUs of Aircrafts & Helicopters being built by HAL.

The MoU will also ensure that with the individual strong capabilities of HAL, Lucknow and PTC Industries, a synergy can be created for Indigenization of various critical components, spares, sub - assemblies and LRUs for different Engines, Aircrafts & Helicopters programs of HAL in support of the ‘Make in India’ and ‘Atmanirbhar Bharat’ Programme.

The purpose of this collaboration of both the parties in this MoU is mainly to share the expertise & capabilities of both parties relating to the needs of Aerospace Sector focusing Indigenization of spares, components, SRUs/ LRUs with larger perspective of making India ATMANIRBHAR in Aerospace Sector.

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


PTC Industries Share Price

15703.30 -242.60 (-1.52%)
17-Apr-2026 16:59 View Price Chart
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