Mtar Technologies Shares Climb 3% On Securing Orders Worth Rs 34 Crore; Details Here

Shares of MTAR Technologies traded higher successful Wednesday's early waste and acquisition aft bagging orders, weighted astatine Rs 34 crore, for manufacturing and proviso of various precision engineered products successful cleanable power and aerospace sectors. These orders person to beryllium executed by extremity of nan financial twelvemonth 2025-26 (FY26).

The banal roseate 3.36 per cent to deed a time precocious of Rs 1,547.35. It was past seen up 1.46 per cent astatine Rs 1,518.95. At this price, nan scrip has shed 9.25 per cent year-to-date (YTD).

Commenting connected nan bid win, Parvat Srinivas Reddy, Managing Director & Promoter astatine MTAR Tech, said, "We are looking guardant to securing measurement orders successful Aerospace and Clean Energy arsenic we person executed first articles for caller products successful these sectors, reflecting nan company's committedness to innovation, excellence and timely delivery. In addition, we are moving pinch various customers to participate into semipermanent contracts for nan proviso of captious products."

Technically, nan antagonistic traded higher than nan 5-day, 10-, 20-, 30-, 50-day and 100-day elemental moving averages (SMAs) but little than nan 150-day and 200-day SMAs. Its 14-day comparative spot scale (RSI) came astatine 66.83. A level beneath 30 is defined arsenic oversold while a worth supra 70 is considered overbought.

The company's banal has a price-to-earnings (P/E) ratio of 104.47 against a price-to-book (P/B) worth of 6.67. Earnings per stock (EPS) stood astatine 14.54 pinch a return connected equity of 6.38. According to Trendlyne data, MTAR Tech has a one-year beta of 0.9, indicating debased volatility.

Around 7,022 shares changed hands connected BSE astatine nan clip of penning this story. The fig was higher than nan two-week mean measurement of 17,000 shares. Turnover connected nan antagonistic came astatine Rs 1.07 crore, commanding a marketplace capitalisation (m-cap) of Rs 4,680.38 crore.

As of March 2025, promoters held a 31.77 per cent liking successful nan company.

Published on: May 14, 2025 9:37 AM IST