India's PTC Industries hits record high after deal with France's Dassault

Ptc Industries

17/01/2024 05:37

** Shares of precision metal components maker PTC Industries
 PCIN.NS  up as much as 10% to hit record high of 7,682.55
rupees 
    ** PCIN's unit Aerolloy Technologies signs multi-year
agreement with France's Dassault Aviation  AM.PA  to supply
titanium casting parts made in India 
    ** Co says from this year onwards, unit will make full range
of titanium castings parts for the Rafale multirole fighter
aircraft and the Falcon business jet program
    ** Stock set to advance for third straight session, if gains
hold 
    ** More than 20,900 shares trade, 1.6x 30-day avg volume
    ** PCIN trims some gains to trade nearly 4% higher; up 21.3%
YTD 
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))