Stock Market Today: Multibagger PTC Industries Shares Soar More Than 7,500% in Five Years. The investment of ₹1 lakh where investors go ₹76 lakh in five years.
The stock price of PTC Industries, now trading near 11675, is up 77% year to date and 102% in the past year, giving investors multibagger returns. PTC Industries’ stock price, which traded at nearly 150 levels in December 2019, has risen 75 times since then
PTC Industries is seeing strong investor confidence and may post higher profits to complement its defense capabilities, according to analysts.
PTC Industries (PTC) recently announced the completion of its acquisition of Trac Precision Solutions Ltd. (Trac).
PTC Industries, in its press release dated December 19, informed the stock exchanges and investors of the completion of the acquisition of 100% of the shares/control in the target company (Trac Precision Solutions Ltd) pursuant to the share purchase agreement dated October 18, 2024, upon acknowledgment of receipt of the necessary approval from the relevant authority of the United Kingdom under the National Security and Investment Act 2021 and fulfillment of other conditions as per the Securities Purchase Agreement (SPA).
Analysts at ICICI Securities, commenting on the acquisition, said that we expect Trac’s advanced machining technology to complement PTC Industries’ capabilities in titanium and superalloy castings. In view of ICICIC Securities, PTC would therefore be able to offer its customers complete solutions while exercising full control over the production process of complex castings, including airfoils. Further, ICICI Securities believes that the acquisition plugs a crucial gap in engine manufacturing technology in India, which could have a profound impact on the indigenization drive.
ICICI Securities has maintained its BUY ratings on PTC Industries with a DCF-based unchanged target price of ₹20,070. According to analysts, PTC Industries stock trades at 37.4 times estimated FY27 earnings per share.
ICICI Securities target price of ₹20,070 indicates an increase of over 73% for PTC Industries’ stock price
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