PTC Industries shares rise nearly 2% after subsidiary Aerolloy Tech signs MoU with Safran Aircraft Engines
By Aditya Bhagchandani Published on June 25, 2025, 09:26 IST
Shares of PTC Industries Ltd jumped 1.57% to Rs 14,980 in Wednesday's early trade after its wholly-owned subsidiary, Aerolloy Technologies Ltd (ATL), signed a Memorandum of Understanding (MoU) with Safran Aircraft Engines to strengthen India's defence aerospace manufacturing ecosystem.
Under this strategic MoU, ATL and Safran Aircraft Engines will jointly focus on developing and manufacturing components and materials for military aircraft engines. Aerolloy Technologies is already a supplier of castings and aerospace materials, while Safran is a global leader in the design and production of civil and military aircraft engines.
Both companies are already engaged in manufacturing parts for Safran's commercial LEAP engine program. This new agreement will extend their collaboration into the defence space.
Sachin Agarwal, Chairman and Managing Director of PTC Industries, stated, 'The MoU between Aerolloy and Safran marks a significant step towards enhancing India's indigenous capabilities in military aircraft engine manufacturing. It aligns with the 'Make in India' initiative and strengthens our country's aerospace and defence production capacity.'
At 9:22 AM, shares of PTC Industries were trading at Rs 14,980, up Rs 232 from the previous close of Rs 14,748. The stock's 52-week range stands between Rs 9,756.30 and Rs 17,995.00, with a market capitalization of Rs 22,418 crore.
India's domestic mutual funds collectively own a 5.64% stake in the company, with Motilal Oswal Large and Midcap Fund holding 2.43%. Among key public shareholders are Vikas Khemani (3.21%), Mukul Agrawal (1.07%), Mona Russel Mehta (2.98%), and Ashok Kumar Shukla (1.11%).
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
4 hours ago
- Business Upturn
Why Exicom shares surge 15% sharply today? Details here
Exicom shares rallied 15% after the company announced key financial decisions following its board meeting on June 25, 2025. As of 1:56 PM, the shares were trading 14.29% higher at Rs 207.99. The board approved raising up to ₹260 crore through a rights issue of equity shares. This offer will be extended to existing shareholders, with the exact terms—including issue price, entitlement ratio, record date, and payment structure—to be finalized by a newly formed Rights Issue Committee. In another move, the board cleared the conversion of an unsecured loan of approximately ₹283.20 crore (including interest) into equity shares of its wholly owned subsidiary, Exicom Power Solutions B.V., based in the Netherlands. The subsidiary operates in the electric vehicle segment. The conversion will take place in tranches and is subject to regulatory approvals under the Foreign Exchange Management Act (FEMA). Shares will be issued at a par value of €1 each. The transaction will not require fresh cash outflows and is aimed at improving liquidity and reducing interest burden at the subsidiary level. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
6 hours ago
- Business Upturn
Titan shares jump 3% as Macquarie maintains ‘Outperform' rating with target price of Rs 4,150
By Aman Shukla Published on June 25, 2025, 11:58 IST Titan shares jumped 3% after Macquarie reiterated its 'Outperform' rating on the stock with a target price of ₹4,150. As of 11:55 AM, the shares were trading 3.26% higher at Rs 3,640.90. The brokerage expects strong jewellery demand to drive growth in the June quarter, and believes EBIT margins in the segment likely bottomed out in FY25. Macquarie is projecting over 20% year-on-year growth in both jewellery sales and EBIT for the quarter. Titan shares opened at ₹3,550 and, at the time of writing, touched a high of ₹3,643.10 during the day, while the low remained at ₹3,550. The stock continues to trade in an upward range, staying close to its 52-week high of ₹3,867.00. The 52-week low stands at ₹2,925.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
7 hours ago
- Business Upturn
Hindustan Unilever shares rise as Nuvama maintains ‘Buy' rating, sees 34% upside on improving margins and TAM expansion
By Aditya Bhagchandani Published on June 25, 2025, 10:38 IST Shares of Hindustan Unilever Limited (HUL) climbed nearly 1% to ₹2,284.20 on Wednesday, June 25, following a positive note from Nuvama Institutional Equities. The brokerage has maintained its 'Buy' rating on the stock and set a target price of ₹3,055 per share, implying a potential upside of 34% from current levels. Nuvama highlighted that HUL's sharpened focus on Direct-to-Customer (D2C) channels, Total Addressable Market (TAM) expansion, and affordability initiatives in FY25 are driving the recovery. The company's D2C strategy got a boost after its acquisition of skincare brand Minimalist and ramped-up digital advertising, which now accounts for 40% of its total ad spends. As part of TAM expansion, HUL recently introduced premium global brands from its parent portfolio, including Liquid IV (a hydration supplement) and Hourglass (a cosmetics line), targeting urban aspirational consumers. To improve rural and value-market penetration, the FMCG giant launched affordable packs like Rin Liquid at ₹99 and Bru Coffee sachets priced at just ₹2. According to Nuvama, HUL's Fabric Wash and Household Care segments posted high single-digit volume growth in FY25, and this momentum is expected to continue. Despite elevated palm fatty acid distillate (PFAD) costs, analysts believe easing input prices may support margin improvements going forward. Additionally, HUL reported a 200-basis point improvement in its product mix towards 'Future Core' and 'Market Makers' segments, aligned with its long-term growth strategy. The company's return on equity (RoE) improved to 20.5%, while return on capital employed (RoCE) rose to 28.7%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
