MTAR Technologies shares surged to a fresh all-time high on Friday after the company secured a new order worth ₹467.30 crore from an international customer. According to reports from Moneycontrol, the stock rose 6.32 percent to touch a new high of ₹8,449.50 per share on the NSE during intra-day trade, though it later pared gains to settle at ₹7,997 per share, up 0.62 percent amid profit booking. The stock has gained 22 percent over the last three trading sessions, with shares hitting highs in the previous session as well.
As reported by Moneycontrol, the company said the order is a continuation of regular business from an existing customer. According to an exchange filing, 50 percent of the order value is scheduled to be executed by March 20, 2027, while the remaining 50 percent is expected to be completed by June 20, 2027. The latest order comes close on the heels of another major contract win, with the company securing an order worth ₹2,279 crore from an international company last week.
According to Moneycontrol, buying interest in the stock remained supported by the company's FY27 growth guidance following its March quarter earnings. For FY27, MTAR Tech expects revenue growth of 80 percent, higher than its earlier projection of 50 percent shared during a interaction with CNBC-TV18. The management has also expressed confidence of receiving large orders across business verticals during FY27. The company expects its order book to close FY27 at ₹5,000 crore, compared with the current level of ₹2,582 crore.
As reported by Moneycontrol, MTAR Tech on May 12 reported a 222.6 percent year-on-year jump in consolidated net profit for the March quarter at ₹44.2 crore, against ₹13.7 crore in the year-ago period. Revenue from operations rose 67.2 percent to ₹306 crore during the quarter, compared with ₹183 crore a year earlier. According to BSE Analytics data, shares of the company have rallied 237.76 percent so far in 2026 and gained 385.84 percent over the last one year.
