Steel Stock Soars 18% After Robust Results and New Stock Target From Goldman Sachs
India, June 1 -- A niche aerospace and defence manufacturer is entering a new growth phase as investments in advanced engineering capabilities, capacity expansion, and global partnerships begin to translate into stronger execution. Backed by rising demand from critical industries and improving international exposure, the company is positioning itself as a key player in India's high-precision manufacturing ecosystem.
With a market capitalization of Rs.28,000, shares of PTC Industries were trading at Rs.19,140 per share on 1 June 2026; the stock went up by 18 percent from the previous day's closing of Rs.16,190, and it is trading at an approximate PE of 276x.
FY26 Financial Performance
For FY26, consolidated revenue from operations grew 9...
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