PTC Industries Stock Rises 18% on Goldman Sachs' 60% Upside Forecast Following Strong Q4 Earnings

PTC Industries Shares Surge 18 Percent After Goldman Sachs Reiterates "Buy" Rating

PTC Industries shares experienced a significant gain on Monday, rising as much as 18 percent, following a positive assessment by global brokerage Goldman Sachs. The brokerage maintained its "buy" rating on the stock, citing the company's strong earnings potential after the March quarter earnings. Furthermore, Goldman Sachs projected an upside potential of about 60 percent, with a price target set at Rs 25,770 per share.

The stock opened with a gain of 5.76 percent and later climbed 18.39 percent to an intraday high of Rs 19,169 per share on the National Stock Exchange (NSE). This upward trend is attributed to Goldman Sachs' optimistic forecast, which suggests that the company will witness a strong earnings ramp-up after FY29, supported by existing contracts and capacity additions planned through FY27. The brokerage highlighted that capacity expansion in the metals and castings business is progressing, while new contracts are moving from the qualification stage to production.

Goldman Sachs also noted better cash conversion as a key positive factor for the company. Despite the positive outlook, PTC Industries fell short of its revenue guidance of Rs 750 crore for the full year. However, the company reported margins of 22 percent, which is within its guided range of 20-25 percent.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Key Statistics

• Price target: Rs 25,770 per share
• Upside potential: 60 percent
• Intraday high: Rs 19,169 per share
• Gain: 18.39 percent
• Opening gain: 5.76 percent