Bengaluru, June 25 -- The shares of the prominent manufacturer of metal components gained up to 3 percent in today's trading session after the company's subsidiary inked a Memorandum of Understanding (MOU) for the defence aerospace ecosystem in India.

With a market capitalization of Rs 21,730.95 crore, the shares of PTC Industries Ltd were trading at Rs 14,502.65 per share, decreasing around 1.62 percent as compared to the previous closing price of Rs 14,741.35 apiece.

According to the company filing, PTC Industries' subsidiary, Aerolloy Technologies, inked a Memorandum of Understanding (MOU) with Safran Aircraft Engines to develop cooperation on the manufacturing of components and materials for military aircraft engines.

Moreover, the...