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PTC Industries Surges 3% on Historic Announcement!

25 May 20233 mins read by Angel One
This marks the first-ever sourcing of such cast components from India by IAI, catapulting PTC Industries into the spotlight of the aerospace industry.
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Step into the mesmerizing world of the stock market, where a myriad of captivating opportunities awaits. Within this realm, renowned large-cap stocks bask in the spotlight, commanding attention from investors worldwide. Yet, amidst the glitz and glamour, lie the lesser-known gems—the small-cap stocks, shrouded in potential and waiting to be unearthed.  

Today, we shed light on one such small-cap stock that has set the market abuzz—PTC Industries Ltd. Brace yourself for a tale of exponential growth and thrilling adventures as we explore the recent surge of this remarkable stock.  

In a surprising turn of events, PTC Industries witnessed a staggering 3% jump in its stock price on Thursday, leaving investors and analysts eager to uncover the secret behind this impressive ascent. The answer lies in a historic announcement that sent shockwaves through the market.  

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Aerolloy Technologies Limited (ATL), a wholly owned subsidiary of PTC Industries Limited, stands at the forefront of manufacturing strategic and critical materials, as well as high-integrity metal components for aerospace applications. In a groundbreaking milestone, ATL has received approval from Israel Aerospace Industries (IAI) to supply cast components for aerospace applications. This marks the first-ever sourcing of such cast components from India by IAI, catapulting PTC Industries into the spotlight of the aerospace industry. 

What sets PTC Industries apart is its unwavering commitment to delivering high-precision metal components for critical operations across a range of sectors, including aerospace, defense and industrial. The company’s well-integrated manufacturing units, strategically located in Uttar Pradesh and Gujarat, ensure seamless production and unrivaled quality. 

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Not content with its current accomplishments, PTC Industries is expanding its horizons with a significant undertaking. Through its subsidiary, Aerolloy Technologies Limited (ATL), the company has acquired 50 acres of land in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor, adjacent to the Brahmos facility. This expansion further cements PTC Industries’ position as a preferred partner for global customers, solidifying its presence in the defense and aerospace sectors. 

 As the excitement builds around PTC Industries, investors eagerly await the upcoming Board meeting scheduled for May 30, 2023. During this highly anticipated event, the audited financial results (both standalone and consolidated) of the company for the quarter and year ending March 31, 2023, will be unveiled, potentially providing further insights into the company’s performance and future prospects. 

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