MTAR Technologies surges on bagging orders worth about Rs 220 crore

13 Sep 2021 Evaluate

MTAR Technologies is currently trading at Rs. 1406.95, up by 36.05 points or 2.63% from its previous closing of Rs. 1370.90 on the BSE.

The scrip opened at Rs. 1370.40 and has touched a high and low of Rs. 1429.55 and Rs. 1360.65 respectively. So far 24753 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1562.00 on 16-Jul-2021 and a 52 week low of Rs. 870.00 on 19-Mar-2021.

Last one week high and low of the scrip stood at Rs. 1429.55 and Rs. 1312.65 respectively. The current market cap of the company is Rs. 4321.72 crore.

The promoters holding in the company stood at 50.25%, while Institutions and Non-Institutions held 26.77% and 22.98% respectively.

MTAR Technologies has received an export order for $29.82 million (approximately Rs 220 crore) from Bloom Energy, USA. This order is for export of Yuma Hot Boxes and associated components for Bloom Energy to be delivered over the four quarters of the calendar year 2022.

This is the largest single order ever received by MTAR and demonstrates the customer confidence that MTAR has built over time. This order will clearly support the growth targets that MTAR has set for itself.

MTAR Technologies is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns).

MTAR Technologies Share Price

1750.55 -5.20 (-0.30%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Engineers India 180.90
Rites 275.20
Pitti Engineering 1344.15
Kennametal India 3057.05
MTAR Technologies 1750.55
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