Smallcap defence stock zooms 13% after Mukul Agrawal picks 1% stake

Agrawal has also picked up stakes in 3 other companies apart from PTC in March quarter. He now has a stake of 1.8% and 1.7% in and , respectively, while his shareholding in is 5.5%, Trendlyne data revealed.

“As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 53 stocks with a net worth of over Rs 5,321.0 cr,” stated Trendlyne data .

Earlier in February, PTC Industries had carried out a preferential shares issue for 2.35 lakh equity shares at Rs 6,000 apiece, under which another top investor, Ashish 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.

According to the latest shareholding pattern available with the exchanges, promoters own a majority stake of 62.95%, while public shareholders own the remaining 37.05%.

PTC Industries has been manufacturing precision metal components for critical applications for over 60 years. Through its wholly-owned subsidiary Aerolloy Technologies, the company is manufacturing and supplying Titanium and Superalloy castings for aerospace and defence applications within India as well as for exports.

PTC Industries has given a return of 251% to its investors in the past one year and has also been performing well for the past 6 months as well, with positive returns of 54.62%.

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