PTC Industries Secures 5% Surge on Multi-Year Contract with Safran Aircraft Engines

PTC Industries witnessed a notable upswing in its shares, hitting the 5 percent upper circuit in early trade on November 15. This surge follows the company’s announcement of a significant multi-year contract with Safran Aircraft Engines, focusing on the development of industrial cooperation for LEAP engines casting parts.

As of 12:50 pm, PTC Industries’ stock was trading at ₹5,178.60, reflecting a 5 percent increase on the NSE. The positive momentum was evident with pending buy orders for 149 shares, while no sellers were available in the market.

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The terms of the contract entail PTC Industries taking on the production of titanium-casting parts crucial for Safran Aircraft Engines. This collaboration signifies a strategic move for PTC Industries, positioning itself for growth and innovation in the aerospace sector.