Despite the selling pressure in the market, the stock of PTC Industries remains in the news. Although, there is a sluggish environment in this stock at present, but domestic brokerage firm ICICI Securities believes that this stock may soon cross ₹ 20,000.
Tremendous return of 7500% in five years
- The stock closed 1.50% down at ₹11,547 on BSE on Friday.
- This stock has given returns of more than 7500% in the last five years.
- In December 2019, this share was at around ₹150. Today its price has increased 75 times.
- If someone had invested ₹1 lakh in this stock five years ago, its value today would have been ₹76 lakh.
- This stock has increased by 102% in the last one year.
Positive view of experts
Analysts believe that:
- PTC Industries is getting strong support from investors.
- The company’s capabilities are growing especially in the defense sector.
- Recently the company completed the acquisition of Track Precision Solutions Limited (Track).
According to ICICI Securities:
- Track’s advanced machining technology and its capabilities in titanium and superalloy casting will be a strong complement to PTC Industries’ business.
target price of share
- ICICI Securities has set the target price of this stock at ₹20,070.
- The brokerage has maintained ‘buy’ rating on it.
stock performance
- 52 week high: ₹15,650 (July 10, 2024).
- 52 week low: ₹5,555 (December 2023).
- Currently, the stock is trading at 37.4 times its estimated FY2027 earnings per share.
