Dynamatic Technologies jumps on wining contract to manufacture Escape Hatch Door for Airbus A220 aircraft
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Dynamatic Technologies is currently trading at Rs. 2019.80, up by 155.05 points or 8.31% from its previous closing of Rs. 1864.75 on the BSE.
The scrip opened at Rs. 1959.00 and has touched a high and low of Rs. 2043.35 and Rs. 1928.55 respectively. So far 1670 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3447.85 on 13-Sep-2021 and a 52 week low of Rs. 1344.30 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 2055.55 and Rs. 1854.00 respectively. The current market cap of the company is Rs. 1182.52 crore.
The promoters holding in the company stood at 44.84%, while Institutions and Non-Institutions held 17.73% and 37.43% respectively.
Dynamatic Technologies has won the contract to manufacture the Escape Hatch Door for Airbus A220 aircraft. The contract was placed by recently established Stelia Aeronautique Canada Inc, a subsidiary of Airbus Atlantic SAS. This contract marks a milestone of workshare of the A220 supply chain in India and extends Dynamatic's capabilities for manufacturing critical aerostructure to Airbus.
Dynamatic Technologies is the largest producer of Hydraulic Gear Pumps in Asia and one of the top five worldwide. The company designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications.
