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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.
Stocks to Watch Today: Swiggy, Enviro Infra, Advait Energy, AstraZeneca, Torrent Pharma, Laxmi Organic, Larsen & Toubro, Safety Controls in focus on 13 April
Stocks to Watch, 13 Apr: Stocks like Mahindra and Mahindra, Larsen & Toubro, Swiggy, Enviro Infra Engineers, Advait Energy Transitions, Mahanagar Gas, Krishna Defence and Allied Industries, Lupin, AstraZeneca Pharma India, Torrent Pharmaceuticals, Muthoot Finance, and Ratnaveer Precision Engineering will be in focus on April 13.