Shares of PTC Industries jumped nearly 3 percent in early trade on December 28 after it entered into a pact with Nasmyth (UK) with focus on offering solutions to defence and aerospace customers. At 9:31am, the PTC Industries stock was trading at Rs 6,278 on NSE.
Nasmyth and PTC will work together in support of the ‘Make in India’ Atmanirbhar Bharat programme. This collaboration also addresses the growing demand for vertically integrated supply chain solutions.
By increasing capacity in the market, the partnership aims to provide global solutions to original equipment manufacturers (OEMs) seeking to diversify and de-risk their supply chains while offering opportunities for capacity growth.
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Tony Upton, CEO of Nasmyth, expressed excitement for the collaboration, emphasising that the opportunity will provide new solutions to OEMs through their joint efforts in India.
Stock Performance
The PTC Industries stock has given a return of 30.47 percent over the last six months. The benchmark Nifty50 index has given a return of 12.85 percent over the same duration.
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