Rs 3.00/Share Dividend: Aerospace & Defence Stock Zooms 13.33% In 1-Week, Do You Own?

Aerospace & Defense company MTAR Technologies Ltd shares zoomed 7.39% intraday today on BSE. Current market price of MTAR Technologies share on is Rs 1900.60 apiece. The company has a market capitalisation of Rs 5846.17 crore. MTAR Technologies shares have been witnessing sharp rally every since the government allowed approximately 100% FDI in space sector. It is worth mentioning that shares from the space sector like BHEL, MTAR, Apollo Micro have been rising. Check details below:

MTAR Technologies Shares Performance & Return: The 52-week high price of MTAR Technologies shares on BSE is Rs 2920.00 per share and 52-week low price is Rs 1580.00 per share, respectively. MTAR Technologies shares zoomed 13.33% in last 1-week only, gained 10.89% in last 2-weeks, declined 25% in last 6-monhts, and offered return of 20% in last 1-year. In last 3-years, MTAR Technologies stock rallied 82%.

MTAR Dividend History: MTAR Technologies announced 2 dividends since July 22, 2021. In 2022, the company announced Rs 3/share interim dividend and in 2021, the company declared Rs 3/share final dividend.

MTAR Technologies Financials: The company said its Q3 FY24 profit after tax declared at Rs 10.4 crore, down 66.8% as compared to Rs 31.4 crore declared in the corresponding quarter of last year. The company's revenue from operations for the December 2023 quarter declared at Rs 118.4 crore, down 26.1% as compared to Rs 160.2 crore announced in the year ago period. The company's EBITDA for the quarter under consideration declined by 47% to Rs 23.9 crore as against Rs 45.00 crore announced in Q3 FY23.

About: Since its inception in 1970, MTAR has grown into a major group with state-of-the art facilities with unparalleled history of contributing to Indian Civilian Nuclear Power program, Indian Space program, Indian Defence , Global Defence, as well as Global Clean Energy sectors. The company has the machining, assembly, specialized fabrication, painting and special processes facilities available under one roof, which are probably considered as one of the best facilities available in India, as well as in Asia, according to its official website.

Disclaimer:

The stock highlights the rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.