The precision engineering, manufacturing and integration leader’s stock is up 116% this year.
MTAR Technologies stock is trading below the 5-day, 10-day, 20-day, 30-day, 50-day and 100-day moving averages, but above the 150-day and 200-day moving averages.
A total of 0.95 lakh shares of the company were traded with a turnover of Rs 49.36 crore on Wednesday.
MTAR Technologies has seven manufacturing facilities, including an export-oriented unit located in Hyderabad, serving the defence, aerospace and energy sectors for over four decades.
It works with clients like Indian Space Research Organization (ISRO), Defense Research and Development Organization (DRDO), Nuclear Power Corporation of India Limited (NPCIL) and US-based Bloom Energy Corp, besides catering to other well-known organizations like Bharat Dynamics and Hindustan Aeronautics (HAL).
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