MTAR Technologies shines on bagging export orders worth $16.73 million
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MTAR Technologies is currently trading at Rs. 1844.85, up by 38.60 points or 2.14% from its previous closing of Rs. 1806.25 on the BSE.
The scrip opened at Rs. 1839.00 and has touched a high and low of Rs. 1870.00 and Rs. 1832.70 respectively. So far 6619 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2920.00 on 11-Sep-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. 1880.00 and Rs. 1754.00 respectively. The current market cap of the company is Rs. 5555.95 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 export orders worth $16.73 million (approximately Rs 140 crore) from Bloom Energy Corporation in Clean Energy - Fuel Cells vertical for execution of power units and associated components. As per the contract, $9.10 million orders shall be executed in FY 2024-25 and balance orders will be dispatched by Q1 FY 2025-26. The company is expecting further orders in this vertical that will be executed in FY 2024-25 itself. These orders shall support the revenue targets guided by the company for FY 2024-25.
MTAR Technologies is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns).
