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Business News/ Markets / Stock Markets/  PTC Industries share price rally over 3% on NSE listing

PTC Industries shares got listed on the National Stock Exchange (NSE) on Friday after it received approval for the same. The stock opened at 3,090 per share on the NSE and hit an intraday high of 3,149.95 and a low of 3,001 on NSE.

On the BSE, PTC Industries’ shares were trading 1.13% higher at 3,049.85 apiece. The stock has rallied over 23% in one week, while it has risen more than 90% in one year. PTC Industries share price has witnessed a massive rally of over 2,280% in three years.

In a regulatory filing on June 7, the company informed it had applied for listing of its equity shares on NSE and the listing and trading approval for the same was duly received from NSE. 

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The Company received approval for listing and trading of its entire 1.33 crore equity shares of face value of 10 each on NSE w.e.f. June 9.

“Listing of equity shares at NSE will provide more liquidity and better options to investors at large and will further broaden the base of investors," PTC Industries said.

PTC Industries is a supplier of high-precision metal components for critical and super-critical operations across a wide range of segments including Aerospace, Defence, and Industrial.

The company had reported a consolidated net profit of 9.2 crore in the quarter ended March 2023, nearly doubling from 4.6 crore in the year-ago period. Its total income increased 19% YoY to 62.7 crore from 52.7 crore.

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Recently, Aerolloy Technologies, a subsidiary of PTC Industries, received approval from Israel Aerospace Industries (IAI) to supply cast components for aerospace applications. 

This is the first time that IAI is sourcing such cast components from India, the company said.

At 11:10 am, the shares of PTC Industries were trading 1.07% higher at 3,048.00 apiece on the NSE, while there were trading 1.14% higher at 3050.00 apiece on the BSE.

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Updated: 09 Jun 2023, 02:46 PM IST
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