PTC Industries Share Price Surges 80% in Eight Days Due to Make In India Initiative: Live Updates on Market News Today, June 14, 2024

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In today’s market wrap-up, several key developments have taken place that are worth noting. PTC Industries share price has seen a significant jump of 80% in just eight days, attributed to the Make In India effect. This surge has taken the share price from ₹8,226 to ₹14,900 per share level.

Additionally, the Nifty Realty sector has seen remarkable growth, with 70% of Nifty Realty stocks delivering multibagger returns in the last year. Sobha led the pack with a gain of nearly 290%, followed by Prestige Estates Projects with a gain of 238%.

In the IPO space, Bajaj Housing Finance has filed draft papers with SEBI for a ₹7,000 crore issue, aiming to increase its capital base and cover offer expenses.

Defence stocks have also seen a surge, with PTC Industries, BEL, HAL, and others gaining up to 20% on policy continuity optimism. The government’s focus on the sector has boosted investor sentiment, with expectations of ₹50,000 crore in defence exports in the next five years.

On the global front, the US treasury yields have dropped below 7% amid cooling inflation and rate cut hopes, impacting the Indian market as well.

Overall, the market is buzzing with activity, and investors are closely watching the movements of Nifty 50 and Sensex, along with top gainers and losers. Stay tuned for more real-time updates on your favorite companies and sectors by following Mint’s market blog.