India's PTC Industries rises after contract win from France's Safran

Ptc Industries

15/11/2023 05:04

** Shares of high precision metal castings maker PTC
Industries Ltd  PCIN.NS  rise 5% to 5,178.60 rupees
    ** Co late on Monday said it signed a multi-year contract
with Safran Aircraft Engines to provide casting parts for the
LEAP engine powering single-aisle jets  
    ** Under terms of the contract, co will produce
titanium-casting parts for Safran 
    ** More than 8,000 shares traded as of 10:25 a.m. IST, 2x
their 30-day moving avg
    ** PCIN up ~67% since listing in June

 (Reporting by Meenakshi Maidas)
 ((meenakshi.maidas@thomsonreuters.com;))