PTC Industries hits day high on DRDO tank order win
after close1 source ↓written by the desknot a recommendation
PTC Industries shares reached a day high of ₹18,599 on the NSE, rising nearly 5% after securing a design order from DRDO for a tank component. This contract, involving a Titanium Cradle for the 105mm Indian Light Weight Tank, marks a significant shift as PTC will manage the entire process from design to supply over the next two and a half years.
This order is pivotal as it elevates PTC's role from a parts manufacturer to a complete solution provider, enhancing its market position and potential revenue streams. 📈
Not investment advice. For informational purposes only.