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19-12-2024 10:56 AM | Source: Accord Fintech
Dynamatic Technologies trades higher on the BSE

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Dynamatic Technologies is currently trading at Rs. 8418.50, up by 91.10 points or 1.09% from its previous closing of Rs. 8327.40 on the BSE.

The scrip opened at Rs. 8326.95 and has touched a high and low of Rs. 8390.00 and Rs. 8156.00 respectively. So far 202 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9080.40 on 08-Apr-2024 and a 52 week low of Rs. 4224.60 on 21-Dec-2023.

Last one week high and low of the scrip stood at Rs. 8726.65 and Rs. 8156.00 respectively. The current market cap of the company is Rs. 5649.19 crore.

The promoters holding in the company stood at 41.87%, while Institutions and Non-Institutions held 26.90% and 31.23% respectively.

Dynamatic Technologies has awarded a contract to Aequs for the supply of complex structural parts for the Airbus A220 Door Program. As part of the contract, Aequs will leverage its end-to-end capabilities to manufacture and deliver over 200 detailed parts requiring complex tool design, forgings, machining, and surface treatment. This contract for the supply of these critical parts over a period of five years strengthens the strategic partnership between the two companies which are prominent players in the global aerospace supply chain. 

Giving a significant push to the Government of India’s ‘Make in India’ vision, Airbus had contracted Dynamatic Technologies in February 2024 for one of the largest Aerospace export orders to Indian companies for the manufacturing and assembly of its A220 Family aircraft doors. The contract included the manufacturing of detailed parts components creating downstream opportunities for other Indian suppliers. Dynamatic Technologies is a demonstrated leader for the development of exacting airframe structures and precision aerospace components and partners with agencies of national importance as well as global aerospace majors.

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.