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PTC Industries Hits Record High While Titan Falls Despite Strong Q2 Update
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CNBC TV18•07-10-2026, 09:58
PTC Industries Hits Record High While Titan Falls Despite Strong Q2 Update
- •Chennai Petroleum Corporation, PTC Industries, and PhysicsWallah drove the Nifty 500 higher at market open.
- •PTC Industries surged over 4 percent after launching a qualified institutional placement to raise up to 1,800 crore rupees.
- •Titan Company shares slipped more than 4 percent despite reporting healthy second-quarter business updates with strong domestic and international revenue growth.
- •PhysicsWallah extended gains for a second consecutive session even after receiving a Reduce rating from Kotak Institutional Equities.
- •PVR Inox shares gained up to 4 percent following an Outperform call by CLSA, driven by recovering cinema demand and financial flexibility.
Key Questions Answered
PTC Industries shares rose over 4% at market open after launching a QIP to raise up to ₹1,800 crore, involving an equity dilution of around 5.7% of pre-issue paid-up capital at an indicative floor price of ₹21,060 per share.
Titan Company shares fell over 4% at market open because its healthy second-quarter revenue update—featuring 22% domestic growth—missed some brokerage estimates due to festive demand shifting into the third quarter.
PVR Inox shares rose up to 4% at market open after CLSA maintained an Outperform call with a target of ₹2,135 a share, driven by recovering cinema demand, OTT fatigue, improving content, and the company's control over 1,800 multiplex screens.
