{"id":113650,"date":"2023-11-13T17:07:12","date_gmt":"2023-11-13T11:37:12","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113650"},"modified":"2023-11-13T17:07:17","modified_gmt":"2023-11-13T11:37:17","slug":"small-cap-stock-jumps-5-after-it-signs-contract-to-develop-engine-casting-parts-for-safran-aircraft-engines","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-5-after-it-signs-contract-to-develop-engine-casting-parts-for-safran-aircraft-engines\/","title":{"rendered":"Small cap stock jumps 5% after it signs contract to develop engine casting parts for Safran Aircraft Engines\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3316244644\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this steel manufacturer gained up to 5 percent after the company signed the contract for titanium-casting parts with Safran SA.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1546829755\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PTCIL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">PTC Industries Ltd<\/a><\/strong> is a small-cap company with a market capitalization of Rs 6,705.45 crore, On Monday, the shares closed at Rs 4,944.20 a share, an increase of 5 percent from the previous close price.\u00a0<\/p><p>According to the company\u2019s filing, PTC Industries Ltd announced a multi-year contract with Safran SA to develop industrial cooperation for leap engine casting parts. As per the contract, PTC Industries will produce titanium-casting parts for Safran Aircraft Engines, the first batch of titanium-casting parts for leap engines is scheduled to be delivered early in 2024 for the leap engine powering single-aisle jet.&nbsp;<\/p><p>Safran Companies is the third-biggest leap engine operator globally, and its cutting-edge turbofan, CFM, powers 75% of commercial aircraft in India. Indian airlines have ordered more than 2200 leap engines to date.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2379406972\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Examining the business&#8217;s financials, the company\u2019s revenue increased 55 percent from Rs. 46.05 crores in Q1 FY23 to Rs 171.51 crores in Q1 FY24. Further, During the same period, Net Profit increased by 291.6 percent from Rs 2.88 crores to Rs 11.28 crores.&nbsp;<\/p><p>In the most recent fiscal year, PTC Industries Ltd. revealed stellar return ratios: 11.85% for return on equity and 11.66% for return on capital employed.&nbsp;<\/p><p>The company&#8217;s recent shareholding patterns promoters own 67.03 percent, retail shareholders own a 30.43 percent stake, and foreign institutional investors own a 1.72 percent stake in the company.&nbsp;<\/p><p>PTC Industries Ltd is a manufacturer of metal components for oil and gas, ships and marine, LNG, defense, and other critical and supercritical applications.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2443489789\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this steel manufacturer gained up to 5 percent after the company signed the contract for titanium-casting parts with Safran SA.&nbsp; PTC Industries Ltd is a small-cap company with a market capitalization of Rs 6,705.45 crore, On Monday, the shares closed at Rs 4,944.20 a share, an increase of 5 percent from the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10817,14343,10816,948,936,10818],"class_list":["post-113650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ptc-industries-latest-news","tag-ptc-industries-new-contract","tag-ptc-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-ptc-industries-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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