PTC INDUSTRIES SHARES
Unique Stocks: 6 stocks held by only one MF scheme in May, rally up to 60% in just over month period
ETMarkets' latest mutual fund (MF) analysis examines stocks held exclusively by a single scheme. Initially, there were 144 such stocks in May 2024. However, by narrowing the selection to those with a market value over Rs 20 crore as of May '24, the number dropped to 32. ETMarkets highlighted six stocks that are held solely by one MF scheme and have increased by 15-60% in just over a month (from the beginning of May 2024 to now).(Data Source: ACE MF, ACE Equity).
While stepping down, very few independent directors speak up
Till date this year, out of 180 independent directors who resigned from corporate boards citing "personal reasons", only four have mentioned issues such as corporate governance or lack of transparency for doing so. In recent weeks, though, Nisaba Godrej stepped down as independent director on the board of VIP Industries citing accountability issues while Marc Desaedeleer resigned from Suzlon board citing "transparency" issues.
Midcaps, smallcaps, microcaps plunge up to 20%. BHEL, HUDCO among top losers
Market fall on Tuesday impacted Nifty Midcap 100, Nifty Smallcap 100, and Nifty Microcap 250 indices. Midcap index fell by 7% to 49,623.10, Smallcap index dropped by 7% to 15,801.80, and Microcap saw 247 stocks in red.
Mukul Agrawal-owned smallcap defence stock zooms 11% after Antique gives big target price
PTC Industries, a key player in the aerospace and defence sectors, soared 11% after Antique Broking initiated coverage with a 'buy' rating and a target price of Rs 13,010. With robust manufacturing technologies and a strong order book, the company is poised for exponential revenue and profit growth, backed by titanium and super alloy manufacturing.
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Hot Stocks: Brokerage view on HDFC Bank, Apollo Hospitals & Zomato; BofA upgraded M&M
Brokerage firm Macquarie maintained an underperform rating on Zomato and Apollo Hospitals. BofA Securities recommended a buy on HDFC Bank and upgraded M&M to a buy.
Smallcap defence stock zooms 13% after Mukul Agrawal picks 1% stake
Mukul Agrawal has bought stakes in 3 companies, besides PTC, in the March quarter. He now has a stake of 1.8% and 1.7% in Dredging Corporation of India and West Coast Paper Mills, respectively.
Smallcap stock investors hit Rs 26 lakh-crore jackpot in FY24. What's next?
The combined m-cap of BSE Smallcap index of 1,000 stocks has grown by Rs 26 lakh crore to Rs 66 lakh crore now in this financial year. In the process, 252 stocks or every fourth stock in the smallcap index has given multibagger returns.
Up 174% in 1 year! Ashish Kacholia picks up stake in this smallcap multibagger stock
PTC Industries allotted 2.35 lakh equity shares at Rs 6,000 apiece, under which Kacholia bought 1 lakh shares. Other investors who were allotted the shares include Himalaya Finance and Investment, Naresh Saraaf, Blue Square, Fair and Faith Consultants.
These 10 multibagger smallcap stocks trading below 5-yr avg P/E; should you buy?
While money managers have sounded out a word of caution, stating that risk-reward remains unfavourable in several pockets of the smallcap segment, an analysis of the valuation based on the price-to-earnings ratio (P/E), suggested that there are still some multibaggers which are trading below their 5-year average.
PTC Industries shares hit 5% upper circuit on deal with Safran Aircraft Engines
The first titanium casting parts for LEAP engines are scheduled to be delivered early in 2024 for the LEAP engine powering single-aisle jet.
Stocks in news: Tata Motors, Grasim, ICICI Bank, Asian Paints, PTC Industries
Grasim Industries reported 15% growth in its consolidated net profit at Rs 1164 crore for the September quarter, compared with Rs 1,009 crore in the year-ago period.
Team LIC strikes gold with 15-member squad of multibagger stocks. Which ones to buy?
Data from ACE Equity shows that LIC owned at least 260 stocks at the end of the September quarter, out of which its stake declined in at least 84 stocks like Hindustan Copper, Dr. Reddy's Laboratories, HAL, Canara Bank, Tata Motors, NTPC, Pfizer, ICICI Bank and RIL.
Can stocks with PE above 100 make you richer with multibagger returns? Check out historical data
Out of the 45 stocks (with a market capitalisation of over Rs 500 crore) which had TTM PE multiples of over 100 a year ago, only 20 of them have given negative returns in the last one year. In fact, three of them - Zen Technologies, PTC Industries and Premier Explosives - have gone on to deliver multibagger returns and remain in the high PE zone even today.
Ahead of Market: 10 things that will decide D-Street action on Thursday
A small positive candle formed on the daily chart with minor upper and lower shadows. Technically, this indicates a side-by-side bull candle type pattern
Ahead of Market: 10 things that will decide stock action on Wednesday
A small positive candle was formed on the daily chart with upper and long lower shadow. Technically, this pattern indicates a formation of high wave type candle pattern. Normally, such high wave formation after a reasonable decline or upside calls for impending trend reversal. Having declined recently, the chances of upside bounce are likely in the coming sessions.
Ahead of Market: 10 things that will decide D-Street action on Monday
“Nifty restricted its move to 230 odd points in the eventful week, showcasing timidity among the counterparties. Technically speaking, amidst the ongoing consolidation in the market, the chart structure construes a time-wise correction, which is to be taken as a healthy sign in a bullish market scenario,” Osho Krishan, Angel One, said
For risk takers: 4 smallcap stocks from different sectors with upside potential of up to 26%
As Nifty forms a new high, more small cap stocks join the party. Right from a contracting company to a garment exporter are making to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Indian equity benchmarks Sensex and Nifty closed at fresh all-time highs for the third consecutive session on Monday, driven by strong foreign fund flows and a global equities rally. Positive domestic data and optimism in the global markets have reinforced investor sentiment. The Nifty has been consistently achieving higher highs for 14 consecutive weeks, and it is crucial for the index to maintain levels above 19,250 to continue the upward trend. The tech-heavy Nasdaq started the new quarter on a firm footing, while European shares erased gains to finish lower, led by falls in healthcare stocks.
Stock market update: Power stocks down as market falls
The 30-share BSE Sensex closed down 284.26 points at 63238.89
Ahead of Market: 10 things that will decide D-Street action on Thursday
Indian equities reached a new record closing high and rose by 0.21% for Nifty, with Sensex increasing 0.31%, supported by foreign investor inflows focused on financial services, PSU Bank, and oil and gas. However, there are concerns about global issues and a delayed monsoon, with net selling by FIIs and the dampened sentiments due to UK CPI inflation came in higher than expected. In the US and European markets, the situation is also shaky with tech companies signaling positive candle with minor upper and lower shadows. Meanwhile, Suzlon Energy, HFCL, NALCO, and ITC counters are showing signs of bearishness.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Indian equity benchmarks Sensex and Nifty closed lower due to profit booking and heavyweights like ICICI Bank and Reliance Industries facing selling pressure, resulting in losses for many private banks. The PSU banks, however, saw the highest sectoral gains. Looking ahead, there may be more volatility as the Nifty has been witnessing significant swings in both directions for the past three trading sessions. In other global markets, European shares fell and the US was closed for Juneteenth on 19 June.
PTC Industries to spend ₹300 crore on capacity expansion; sees strong debut on NSE
The Lucknow-based company manufactures engineering components for critical and super-critical applications, and has already invested about ₹300-₹350 crore on building capabilities, including technology, over the last five-six years.
Stock market update: Nifty Realty index advances 1.41%
The Nifty Realty index closed 1.41 per cent up at 505.5.
Stock market update: Nifty Pharma index falls 0.04%
The Nifty Pharma index closed 0.04 per cent down at 12856.05.
Stock market update: Nifty Auto index advances 0.33%
The Nifty Auto index closed 0.33 per cent up at 14673.85.
Stock market update: Nifty Bank index falls 0.07% in an upbeat market
The Nifty Bank index was trading 0.07 per cent down at 43959.4.
PTC Industries shares jump over 8% after subsidiary gets IAI approval for components
India's Aerolloy Technologies, a subsidiary of PTC Industries, has been selected by Israel Aerospace Industries (IAI) to supply cast components for aerospace applications. It represents the first time IAI has sourced such components from India. PTC Industries Chairman and Managing Director Sachin Agarwal said the move demonstrated the company's technological capabilities, and added that opportunities had arisen to export to the defence and aerospace sectors. Aerolloy Technologies makes materials for critical and super-critical applications in aerospace.
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