Dynamatic Technologies rises as its arm signs contract with Airbus
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Dynamatic Technologies is currently trading at Rs. 4080.00, up by 56.90 points or 1.41% from its previous closing of Rs. 4023.10 on the BSE.
The scrip opened at Rs. 4129.45 and has touched a high and low of Rs. 4191.00 and Rs. 4071.35 respectively. So far 678 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 4749.55 on 06-Oct-2023 and a 52 week low of Rs. 2298.45 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 4191.00 and Rs. 3962.75 respectively. The current market cap of the company is Rs. 2768.33 crore.
The promoters holding in the company stood at 41.87%, while Institutions and Non-Institutions held 27.69% and 30.45% respectively.
Dynamatic Technologies’ subsidiary -- Dynamatic Manufacturing has signed a contract with Airbus for the manufacturing of detail parts for Airbus commercial aircraft. Dynamatic Manufacturing has an extensive track record in the aerospace industry, with capabilities ranging from machining and sheet metal fabrication to assembly and testing. The company has a state-of-the-art manufacturing facility in Bangalore, India, equipped with advanced machinery and a skilled workforce to ensure high-quality production.
By partnering with Airbus Aerostructures, Dynamatic Manufacturing further strengthens its position in the global aerospace supply chain. Airbus Aerostructures, as a trusted and renowned aerospace company, will provide guidance and support to ensure that the manufactured detail parts meet Airbus's stringent quality and safety standards.
This partnership is a significant milestone for both companies, as it combines the expertise and resources of Dynamatic Manufacturing and Airbus Aerostructures. With this collaboration, both companies aim to enhance their capabilities, improve efficiency, and deliver exceptional products to the aerospace industry.
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.
