Dynamatic Technologies soars as its arm signs contract with Spirit AeroSystems
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Dynamatic Technologies is currently trading at Rs. 2715.90, up by 70.90 points or 2.68% from its previous closing of Rs. 2645.00 on the BSE.
The scrip opened at Rs. 2750.00 and has touched a high and low of Rs. 2750.00 and Rs. 2682.65 respectively. So far 196 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2814.00 on 25-Nov-2022 and a 52 week low of Rs. 1668.60 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2814.00 and Rs. 2620.05 respectively. The current market cap of the company is Rs. 1677.31 crore.
The promoters holding in the company stood at 44.84%, while Institutions and Non-Institutions held 20.80% and 34.37% respectively.
Dynamatic Technologies’ subsidiary -- Dynamatic Manufacturing has signed a long-term contract with Spirit AeroSystems to manufacture detail parts for Spirit’s Belfast facility in Northern Ireland. Dynamatic Manufacturing, which is a Centre of Excellence for detail parts, will be involved in engineering, manufacturing, and delivering components for different aircraft parts. The contract award involves multiple parts for commercial and business jet programs at Spirit, Belfast.
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.
