MTAR Technologies Share Price Falls 4% After Promoter Buys Stake in Open Market

MTAR Technologies share price dropped 3.7% on Friday, reaching an intraday low of ₹1,416.15 on the BSE. The decline followed a stake purchase by promoter K Shalini, who acquired 1,05,000 equity shares through an open market transaction.

At 11:10 AM, the stock was trading at ₹1,426.6, down 3.05%. In comparison, the BSE Sensex was down 0.72% at 75,191.73. The company’s market capitalisation stood at ₹4,388.16 crore. The stock’s 52-week high is ₹2,200, while the 52-week low is ₹1,207.05.

Promoter Stake & Bulk Deal Activity

According to a regulatory filing, K Shalini stated: “I, K Shalini, promoter of MTAR Technologies Limited, have acquired 1,05,000 equity shares of MTAR from the open market.”

As of December 2024, K Shalini held a 0.99% stake in the company.

Additionally, bulk deal data from the National Stock Exchange (NSE) showed that Graviton Research Capital LLP sold 1,98,816 shares at ₹1,442.13 per share. However, on the same day, the firm also bought the same number of shares at ₹1,441.41 per share.

About MTAR Technologies

MTAR Technologies is a leading precision engineering company that manufactures high-accuracy components and assemblies for key national projects. The company specialises in precision machining, assembly, testing, quality control, and specialised fabrication, with some technologies developed in-house.

Established in 1970, MTAR has played a vital role in India’s civilian nuclear power program, space missions, defence sector, global defence projects, and clean energy industries.

The company operates one of India and Asia’s most advanced machining, assembly, and fabrication facilities, offering a complete range of services under one roof.

In the last year, MTAR Technologies share price has declined by 22%, while the Sensex has gained 4%.

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