PTC Industries, the manufacturer of the BrahMos missile, has seen a surge in its share prices. Over the past week, the company's shares have risen by approximately 16%, reflecting growing investor confidence.
New Delhi: Tensions escalated along the India-Pakistan border following the Pulwama attack and the subsequent Operation Sundar. Both sides resorted to drone and missile strikes during this period. While peace currently prevails along the border, the S-400 air defense system (Russia) and the BrahMos missile were the subject of much discussion at the time.
Although India has not officially confirmed the use of BrahMos missiles against Pakistan, media reports claim that the Indian Army fired 15 BrahMos missiles at a Pakistani airbase.
Who Developed the BrahMos Missile?
Are you aware of the BrahMos missile's developer? This highly discussed missile is a joint Indo-Russian venture. It is manufactured in India, with significant contribution from PTC Industries, a leading Indian defense company. Following Operation Sundar, PTC Industries' shares have seen an increase of over 16%.
PTC Industries Delivered 9629% Return to Investors in Five Years
PTC Industries' shares have delivered exceptional multibagger returns to investors over the past five years. According to data, the company's shares have yielded a 9629% return in five years, 423% in two years, and 92% in one year. Currently, PTC Industries' market capitalization is approximately ₹19,017 crore.
The BrahMos Missile and PTC Industries Connection
Aerolloy Technologies Limited, a subsidiary of PTC Industries, manufactures high-grade titanium and superalloys used in the BrahMos missile, developed by the Indo-Russian joint venture, BrahMos Aerospace. This company recently launched a manufacturing unit in Lucknow, producing crucial components for the BrahMos missile.
BrahMos Missile Features
The BrahMos missile is one of the world's fastest supersonic cruise missiles, with a maximum speed of Mach 2.8. It can be launched from land, sea, and air platforms, making it multi-dimensional and highly effective.
At market close on Friday, PTC Industries' share price closed at ₹14,269, up 0.58%, reflecting its steadily increasing investor confidence.
