Buy PTC Industries, target price Rs 20,070: ICICI Securities

ICICI Securities maintains a buy call on PTC Industries, setting a target price of Rs 20,070. PTC recently acquired Trac Precision Solutions, enhancing its capabilities in complex castings, particularly for the aerospace sector. This acquisition strengthens India's engine-manufacturing technology and supports the nation's indigenization efforts. The stock currently trades at Rs 11,952.65.