Page 3 - Mtar Technologies News Today

With just one trading day left in August, benchmarks Nifty 50 and Sensex have lost 1.6% each for the month. This is after clocking 14% gains in the preceding five months.

Nazara Technologies stock got an additional boost from news the companys board will meet on Monday to consider fundraising options through the equity route.

MTAR Technologies share price target: JM Financial has maintained its 'Buy' rating on the stock with a revised target of Rs 2,770 on "robust credentials and strong growth outlook.

MTAR Technologies: The licence will enable the company to partner with foreign MNCs and cater export markets by taking up projects ‘Make’ categories of acquisition, thereby increasing the share of defence in its revenues.

Paras Defence and Space Technologies, which specialises in defence and space optics, defence electronics, heavy engineering, etc. supplied the navigation system for Chandrayaan-3. After a 5% rally yesterday, the stock was up over 12% today.

Indias successful soft landing on the moons south pole is expected to create commercial opportunities for both the Indian Space Research Organisation (ISRO) and private companies involved in the mission. Over 400 companies from the public and private sectors participated in the Chandrayaan-3 mission, paving the way for more global and commercial projects.

Indias moon mission, Chandrayaan-3, successfully landed near the lunar south pole, making India the fourth nation to achieve this. Private sector companies such as Larsen and Tourbos aerospace wing, Mishra Dhatu Nigam, Bharat Heavy Electricals, MTAR Technologies, Godrej Aerospace, Ankit Aerospace, and Walchandnagar Industries played crucial roles in supplying components and materials for the mission.

Stocks that were in focus include names like GMR Airport Infrastructure, which was up more than 9% to hit a fresh 52-week high, APL Apollo Tubes, which rose more than 4%, and MTAR Technologies, which closed with gains of nearly 4% to a fresh high on Thursday.

Indias successful moon landing at a fraction of the global average cost could boost the Make in India initiative and open up opportunities in the global rocket, launch, and satellite markets for Indian companies like L&T, according to brokerage firm CLSA. With the sector opening up and IN-SPACe acting as a single window clearance, Indias share of the global market could increase.

Larsen & Toubro, Hindustan Aeronautics, Bharat Forge, Linde India, Centum Electronics, Avantel, and L&T Technology Services, all of which are in the business of supplying electronic components or engineering solutions to the aerospace sector, touched fresh 52-week highs in trade on Wednesday.