Hot Pursuit     01-Jan-24
PTC Inds hits the roof after board to mull fund raising on 3 Jan
PTC Industries hit an upper circuit of 10% at Rs 6,611.25 after the company announced that its board will meet on Wednesday, 03 January 2024 to consider proposal of raising funds by issuing equity shares.
The company will consider and evaluate the proposal for raising of funds, in one or more tranches, through permissible mode or combination thereof as may be considered appropriate, by way of issuance of any instruments or securities, through private placement, preferential issue, rights issue, qualified institutions placement or such other methods or combinations thereof.

PTC Industries is a leading manufacturer of metal components for critical and super critical applications. The Company’s shares are listed on the Bombay Stock Exchange (BSE) in India.

The company's consolidated net profit rose 6.5% to Rs 8.14 crore on 6.4% increase in net sales to Rs 57.51 crore in Q2 FY24 over Q2 FY23.

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