Dymon Asia Multi-Strategy Investment bought 1,80,000 shares of this multibagger stock with 2,680 per cent returns; Company signs a contract with Safran Aircraft Engines!

The stock gave multibagger returns of 130 per cent in just 6 months, 1,390 per cent in 3 years and a whopping 2,680 per cent in 5 years.

Indian-based PTC Industries Ltd and Safran Aircraft Engines, the French global leader in aero engine design, development, and manufacturing, announced a multi-year contract to develop industrial cooperation for LEAP engine casting parts. Under the terms of the contract, PTC Industries will produce titanium-casting parts for Safran Aircraft Engines.

This agreement reflects a commitment to the Indian Government's “Make in India” policy. Safran Aircraft Engines’ ambition is to develop a comprehensive aero engines ecosystem in India, strengthening its global supply chain built for the LEAP production ramp-up.

Based in Lucknow (Uttar Pradesh), PTC Industries has a long-standing expertise in advanced casting processes, as well as precision machining. The first titanium casting parts for LEAP engines are scheduled to be delivered early in 2024 for the LEAP engine powering single-aisle jet.

PTC Industries Limited manufactures metal components for critical and supercritical applications for industries like defence, oil & gas, liquefied natural gas (LNG), ships, marine, etc. The company has a market cap of over Rs 7,000 crore and has reported stellar Quarterly Results (Q2FY24) and half-yearly results (H1FY24).

On Thursday, one of the Top Gainers on BSE, shares of PTC Industries hit a 5 per cent upper circuit to Rs 5,422.95 per share from its previous closing of Rs 5,164.75. In the September quarter, Dymon Asia Multi-Strategy Investment (Singapore) Pvt Ltd, an FII had bought 1,80,000 shares or a 1.33 per cent stake in the company. Overall, FIIs had bought a total of 1.72 per cent stake in the company in the September quarter.

The stock gave multibagger returns of 130 per cent in just 6 months, 1,390 per cent in 3 years and a whopping 2,680 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.