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20-12-2024 02:32 PM | Source: Accord Fintech
MTAR Technologies zooms on bagging orders worth Rs 226 crore

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MTAR Technologies is currently trading at Rs. 1756.00, up by 128.25 points or 7.88% from its previous closing of Rs. 1627.75 on the BSE.

The scrip opened at Rs. 1690.10 and has touched a high and low of Rs. 1777.90 and Rs. 1652.45 respectively. So far 76460 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,270.85 on 20-Dec-2023 and a 52 week low of Rs. 1495.00 on 28-Oct-2024.

Last one week high and low of the scrip stood at Rs. 1777.90 and Rs. 1545.40 respectively. The current market cap of the company is Rs. 5388.93 crore.

The promoters holding in the company stood at 36.42%, while Institutions and Non-Institutions held 25.09% and 38.49% respectively.

MTAR Technologies has received Rs 226 crore of orders in Clean Energy and Aerospace segments. This includes Rs 191 crore of orders for various products from Bloom Energy in Clean Energy sector and Rs 35 crore of orders from reputed customers in Aerospace including Rafael, IMI Systems, and IAI. 

Furthermore, Rs 225 crore of orders are expected to be executed within one year and balance orders shall be executed by April 2026. The order value reflects the company’s increasing market share in Clean Energy and Aerospace 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).