Shares of PTC Industries surged 2.79% to ₹15,084 in early trade on Tuesday, gaining ₹410 from the previous close of ₹14,674. The stock was in focus after brokerage firm Antique maintained a ‘Buy’ rating with a target price of ₹19,639 per share, citing strong long-term structural growth potential.
According to Antique, PTC Industries is on track to become one of the world’s largest integrated titanium and superalloy manufacturing hubs. The company’s advanced facility in Lucknow is expected to drive a 10–20x revenue expansion over the next five years, potentially reaching ₹7,000 crore by FY30.
The brokerage highlighted the company’s high-margin casting segment, which is projected to achieve EBITDA margins exceeding 50%. Antique believes PTC’s robust forward integration and exposure to the global aerospace and defence sectors reinforce its position as a high-margin, long-term growth story.
As of 9:19 AM IST, the stock was trading within a day range of ₹14,700 to ₹14,819, with a market capitalization of ₹221 billion.
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