MTAR Technologies shares retreat after record surge; analysts flag technical signals and growth outlook
मुख्य बातें
- •MTAR Technologies’ shares fell 3% on Monday after a 24% three-day rally that pushed the stock to a 52-week high of Rs 8,449.50.
- •The company recently secured two major international orders totaling Rs 2,746.30 crore, with execution timelines extending to June 2027.
- •MTAR revised FY27 revenue growth guidance from 50% to over 80%, expecting margins of around 24%.
- •Over one year, MTAR shares are up 379%, with a market cap of nearly Rs 24,494 crore.
- •Technical analysts differ: one suggests buying on dips with targets at Rs 8,650, while another warns of potential RSI divergence if support breaks.
Shares of Hyderabad-based precision engineering and defence contractor MTAR Technologies declined on Monday after a sharp three-day rally that took the stock to a record high. The company’s shares slipped 3% in early trade, following a 24% surge from the previous Friday’s close. On Friday, MTAR Technologies hit a 52-week high of Rs 8,449.50 per share, marking a 155% rise from its March low of Rs 3,309 per share.
