MTAR Technologies, a leading precision engineering firm serving the defence, space, nuclear, and clean energy sectors, saw its share price hit a fresh 52-week high of ₹1,226.20 on the NSE on February 17, 2025. However, by 2:19 PM, the stock had dropped 7%, registering its steepest single-day fall since May 2024.
The decline in MTAR Technologies’ share price coincides with a disclosure to the stock exchanges regarding an encumbrance of 60,000 equity shares by Mrs. Kavitha Reddy Gangapatnam, a member of the company’s promoter group. While pledging shares does not necessarily indicate financial distress, it can sometimes be perceived as a sign of liquidity pressure, leading to negative investor sentiment.
MTAR Technologies reported financial results for the December quarter of FY25, with net profit surging 52.9% year-on-year to ₹15.9 crore, compared to ₹10.4 crore in Q3FY24. The growth in profitability was driven by strong revenue expansion and efficient order execution.
On a year-to-date (YTD) basis, MTAR Technologies’ stock has declined by 24.33% as of February 17, 2025.
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Published on: Feb 17, 2025, 4:13 PM IST
Team Angel One
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