Page 5 - Mtar Technologies News Today

PE ratio often acts as an anchor when investors are making investment decisions. The reason it is easy to calculate narrative has been going in the market for ages that it lower the PE, cheaper the stock. Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions.

Three promoters Usha Reddy Chigarapalli, Anitha Reddy Dwaram, and Kavitha Reddy Gangapatnam sold 11.2 lakh shares or 3.64 percent shareholding in MTAR Technologies.

The average buying price paid by Societe Generale for 1.35% stake in MTAR was Rs 1,880 per share.

KDDL, MTAR Technologies, RateGain Travel Technologies, and HealthCare Global Enterprises participated in bulk and block deals transactions. Foreign investors such as Societe Generale and Elevation Capital V Ltd were part of the deals.

The Board of Directors of MTAR Technologies Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.

Carborundum Universal has also decisively broken consolidation range and formed bullish candlestick pattern with making higher high higher low formation. The stock ended at record closing high at Rs 1,116, up 3.6 percent with above average volumes and traded above all key moving averages since April.

The Board of Directors of MTAR Technologies Limited have approved the financial results of the company for the period ended December 31, 2022 - Q3FY23, 9MFY23 at its board meeting.

MTAR Technologies stock touched a high of Rs 1755, up 2.82% on BSE within minutes of opening trade. The stock opened higher at Rs 1720.75 against the previous close of Rs 1706.90 on BSE

MTAR has signed an MoU with IN-SPACe for design and development of a Two Stage to Low Earth Orbit All Liquid Small Satellite Launch Vehicle powered by semi cryogenic technology with a payload capacity of 500 kg.

Shares of MTAR Technologies were in focus today after global brokerage Macquarie initiated coverage on the firm. MTAR Technologies' stock is expected to rise 57.6 per cent to Rs 1,920, according to the brokerage. Macquarie has assigned 'outperform' rating to the stock adding that MTAR Technologies is experiencing accelerated growth in end markets. The stock has gained after two days of fall. Shares of MTAR Technologies climbed 1.87 per cent to Rs 1,250 against the previous close o...