Espresso Shot of the Day - MTAR Technologies Ltd up by 7.85 percent

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Espresso Shot of the Day - MTAR Technologies Ltd up by 7.85 percent

December 31, 2021
 Espresso Shot of the Day - MTAR Technologies Ltd up by 7.85 percent

MTAR Technologies Ltd 2464.45  (+7.85%) BSE – INE864I01014 | Dec 31, 2021

MTR Technologies is a leading national player in the precision engineering industry and is engaged in the manufactumission-criticalitical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, through their precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured. Since its inception in 1970, MTAR has grown into a major group with state-of-the-art facilities with an unparalleled history of contributing to the Indian Civilian Nuclear Power program, the Indian Space program, Indian Defence, Global Defence, as well as Global Clean Energy sectors. The company has machining, assembly, specialized fabrication, painting, and special processes facilities available under one roof, which is probably considered as one of the best facilities available in India, as well as in Asia. Some of our esteemed clients are ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, among others. The key product portfolio of the company includes critical assemblies such as Liquid propulsion engines to GSLV Mark III, Base Shroud Assembly & Airframes for Agni programs, Actuators for LCA, power units for fuel cells, Fuel machining head, Bridge & Column, Thimble Package, Drive Mechanisms, etc. to the core of the nuclear reactor.


Recent Drivers

  • On Nov 3, 2021, the company reported Net Sales of Rs.91.30 crores in September 2021, up 24.57% from Rs.73.29 crores in September 2020.
  • On Nov 3, 2021, the company reported a Quarterly Net Profit of Rs.19.05 crores in September 2021, up 37.23% from Rs.13.89 crores in September 2020.
  • On Nov 2, 2021, the company appointed Mr. Gunneswara Rao Pusarla as the Chief Financial Officer of the Company.
  • On Oct 6, 2021, CRISIL upgraded the long-term rating of the company's bank facilities to 'CRISIL A-/Stable' from 'CRISIL BBB+/Positive'.
  • On Oct 6, 2021, CRISIL also upgraded the short-term rating of the company's bank facilities to 'CRISIL A2+' from 'CRISIL A2'.
(Sources: Business Standard, BSE, Moneycontrol)


Technical Force*

  • S&P BSE SmallCap month till date gain up by 5.44%
  • Traded on All-Time high value 2529.95
  • 3 months avg. NSE volume: 281,529
  • Quantity traded: 61,958 | Deliverable Quantity: 23,195 (37.44%)
  • Stock pricer jumped more than 185% from a one-year-low level: 870.00 (Mar 19, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 2529.95 | 52-week-low: 870.00


Key Pivot  (Half Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1601.40

1403.70

1265.40

1067.70

929.40

731.70

593.40

    -

Fibonacci Pivot

1403.70

1275.35

1196.05

1144.98

1067.70

990.42

939.35

860.05

731.70


Today’s Close

2464.45

SMA

BSE

10 DAY

2257.96

20 DAY

2279.36

50 DAY

2034.44

200 DAY

-


Some Key Ratios (Source: BSE)

Market Cap:  7580.55 Crores

PE: -

OPM%: 35.06

ROE%: 9.25

Promoters holding%: 50.25

Prev. Close: 2285.05



Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.