MTAR Technologies surges on getting nod to acquire stake in Gee Pee Aerospace & Defence
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MTAR Technologies is currently trading at Rs. 1409.20, up by 3.95 points or 0.28% from its previous closing of Rs. 1405.25 on the BSE.
The scrip opened at Rs. 1420.00 and has touched a high and low of Rs. 1445.00 and Rs. 1341.65 respectively. So far 10621 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2555.65 on 03-Jan-2022 and a 52 week low of Rs. 888.00 on 14-May-2021.
Last one week high and low of the scrip stood at Rs. 1607.10 and Rs. 1335.00 respectively. The current market cap of the company is Rs. 4290.66 crore.
The promoters holding in the company stood at 50.26%, while Institutions and Non-Institutions held 29.65% and 20.10% respectively.
MTAR Technologies has received approval from board of directors to acquire stake in GEE PEE Aerospace & Defence. The objective of acquisition is enhancement of capacity in bottle neck areas. The said acquisition would enhance the revenue growth further and expand the customer base specifically in defence and elite sectors.
MTAR Technologies is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns).
