PTC Industries shares rose 1.8% in early trade after management highlighted the strategic importance of its latest Memorandum of Understanding (MoU) with French aerospace major Safran. Unlike their earlier MoU focused on civil aviation, the new agreement targets military operations—marking a major shift in scope.
Chairman & MD Sachin Agarwal told CNBC-TV18 that the company expects significant growth from this MoU, which aligns with other ongoing defense-related investments. He added that PTC Industries anticipates operating margins in the mid-to-high 20% range for FY26.
Agarwal also revealed that the company plans to sign several similar agreements over the next six months, indicating a strong pipeline of defense sector collaborations.
PTC Industries shares opened at ₹15,080.00 and hit a high of ₹15,488.00 during the day, while the low stood at ₹15,013.00. The stock is trading well above its 52-week low of ₹9,756.30 but remains below the 52-week high of ₹17,995.00.
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