Page 2 - Mtar Technologies News Today

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

Mazagon Dock Shipbuilders, Bank of India, Thermax, Uno Minda, and Vedant Fashions are the five midcap stocks which saw mutual funds reducing their exposure for three months in a row, according to the data shared by Nuvama Institutional Equities.

MTAR Technologies revenue from operations stood at Rs 166.8 crore in Q2FY24 as against Rs 126.2 crore in the corresponding period of the last financial year. It was up 32.2%. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) reported by the company for the reporting quarter stood at Rs 36.1 crore as compared to Rs 34.9 crore in the year ago period. It was up by 3.4% YoY.

The management trimmed revenue guidance for FY24 to Rs 670 crore-Rs 700 crore from Rs 830 crore-Rs 860 crore

"On the daily charts, we can observe that the Nifty has breached the previous swing low of 19,333 it touched in the first week of October and has closed below that, indicating a breakdown. Weekly, daily and hourly momentum indicators have a negative crossover, a sell signal. Thus, both price and momentum indicators are suggesting a further decline. On the downside, Nifty is likely to drift towards 19,000 from a short term perspective. On the way up, 19,500 - 19,530 shall act as an immediate...

Mazagon Dock Shipbuilders informed exchanges about receiving the Letter of Intent (LOI) from the European client on Monday after market hours.

MTAR Technologies, MCX India and GAIL India were among the stocks that outperformed the market on September 1 and are expected to continue the uptrend

MTAR Tech has broken its all-time high level and has stayed above the high by giving a weekly closing signifying strength in bulls. Apart from the current weeks price action, volume has also been at the highest level in the last 2 years. For traders, the immediate targets are at extension levels of Rs 2,883-3,097. Support levels remain at the trendline below Rs 2,200.

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