MTAR Technologies Shares Surge 24% in Three Sessions, Hit 52-Week High After Major Order Wins
मुख्य बातें
- •MTAR Technologies shares surged 24% in three sessions to hit a 52-week high of ₹8,449.50 on June 6, before correcting 3% on June 9.
- •The company secured orders worth ₹2,746.30 crore from international clients, with execution timelines extending to June 2027.
- •MTAR revised FY27 revenue growth guidance from 50% to over 80% and expects margins of around 24%.
- •The stock has delivered multi-year returns of 379% (1 year), 324% (3 years), and 743% (5 years).
- •Analysts suggest buying on dips (₹7,500–7,700) with a stop loss at ₹7,150, while others warn of potential overbought conditions.
Hyderabad-based precision engineering firm MTAR Technologies Ltd saw its shares drop 3% on Monday after a sharp three-day rally that pushed the stock to a new 52-week high of ₹8,449.50 on Friday. The surge followed multiple order wins and an upward revision in revenue growth guidance for FY27.
The company’s shares had advanced over 24% between June 6 and June 9, driven by strong investor confidence in its expanding order book. This rally marked a significant recovery from a March low of ₹3,309 per share, representing a gain of more than 155%. As of Monday morning, the stock was trading at ₹7,963, down 1% from the previous close, after hitting an intraday low of ₹7,812.
