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Top Gainers & Losers on June 12: MTAR Tech, Ashok Leyland, Tata Motors, Anant Raj, UCO Bank, HPCL among top gainers
The Indian stock market surged on June 12, with the Nifty 50 and Sensex gaining 2% and 2.1%, respectively, amid easing tensions in the Middle East. Strong buying across sectors, particularly in auto and real estate stocks, marked the day despite some laggards.
Top Gainers & Losers on June 12: MTAR Tech, Ashok Leyland, Tata Motors, Anant Raj, UCO Bank, HPCL among top gainers - Mint
Top Gainers & Losers on June 12: MTAR Tech, Ashok Leyland, Tata Motors, Anant Raj, UCO Bank, HPCL among top gainersMint
MTAR Tech Falls 8% In Trade Today — Here's Why The Stock Is Falling
The decline comes even as analysts see a compelling structural case for the precision engineering company over a multi-year horizon.
MTAR Tech shares drop 3% after rallying 24% in 3 days. Should you buy the dip?
MTAR Technologies shares fell after witnessing profit booking following a sharp rally that pushed the stock to a record high last week. The defence and precision engineering company recently secured large international orders and raised its FY27 growth guidance, while analysts continued to maintain a bullish outlook on the stock’s technical structure.
Multibagger MTAR Technologies shares rally 10% after raising FY27 guidance; Q4 net profit surges 223% YoY
MTAR Technologies shares surged after the company reported a significant 223% jump in fourth-quarter net profit, driven by robust revenue growth of 67%. The precision engineering firm also raised its FY27 revenue growth guidance to over 80%, citing capacity expansions and strong order books across clean energy, nuclear, and aerospace sectors.
MTAR Technologies Q4 Results: Profit soars over 200% to Rs 44 crore; revenue up 67%
MTAR Technologies reported a sharp rise in March-quarter earnings as strong revenue growth and improved operating efficiency boosted profitability. The precision engineering company benefited from higher product sales and expanding opportunities across clean energy, aerospace, defence, and strategic manufacturing sectors.
Iran war boosts defence stocks like Paras and ideaForge by up to 13%
For the first two months of the year, the Nifty India Defence Index has gained 5% so far, with stocks like MTAR Technologies already having risen 57% during this period. Bharat Forge shares have risen 30% so far, while those of Data Patterns, and BEL are up 30% and 11% so far during this period.
Omnitech Engineering's ₹583-crore IPO opens today: Should you subscribe?
Omnitech Engineering is a precision engineering company engaged in manufacturing high-precision, safety-critical components and assemblies for global OEMs across the energy, motion control and automation, and industrial equipment systems sectors. It competes with listed peers such as Azad Engineering, Unimech Aerospace and Manufacturing, PTC Industries, MTAR Technologies, and Dynamatic Technologies.