PTC Industries: How high can the stock really go?
The engineering components maker, which surged 10,772% from ₹132.45 on 15 May 2020 to ₹14,520.70 to date on BSE, is once again in the spotlight after defence minister Rajnath Singh laid the foundation stones of seven critical projects of Aerolloy Technologies, a wholly owned subsidiary of PTC Industries, Uttar Pradesh Defence Industrial Corridor in Lucknow, on 12 May.
The seven projects include India’s largest Aerospace Precision Casting Plant, Aerospace Forge Shop and Mill Products Plant, Aerospace Precision Machining Shop, Strategic Powder Metallurgy Facility, the STrIDE Academy for high-end skilling and PTC’s R&D Centre.
But the highlight was the…
