MTAR Technologies rises on the BSE
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MTAR Technologies is currently trading at Rs. 1752.10, up by 5.10 points or 0.29% from its previous closing of Rs. 1747.00 on the BSE.
The scrip opened at Rs. 1750.60 and has touched a high and low of Rs. 1763.20 and Rs. 1746.95 respectively. So far 4671 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2780.00 on 23-Oct-2023 and a 52 week low of Rs. 1601.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1771.15 and Rs. 1703.60 respectively. The current market cap of the company is Rs. 5387.39 crore.
The promoters holding in the company stood at 36.42%, while Institutions and Non-Institutions held 23.70% and 39.88% respectively.
MTAR Technologies has received Rs 15.4 crore order from Defence Research & Development Laboratory (DRDL) for manufacturing and supply of full-scale and sub-scale combustors for the development of cutting-edge air-breathing engine technology for defence programs.
The company shall execute the order by September 2025 as per the contract terms. This shall strengthen its capabilities further in the supply of systems for future generation engines related to various Defence programs.
MTAR Technologies is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns).
