22 May , 2026 By : Debdeep Gupta
MTAR Technologies shares hit a fresh all-time high on Friday after the company secured a new order worth Rs 467.30 crore from an international customer.
The stock rose 6.32 percent to touch a new high of Rs 8,449.50 per share on the NSE during intra-day trade. It later pared gains to settle at Rs 7,997 per share, up 0.62 percent, amid profit booking.
Shares of the company have gained 22 percent over the last three trading sessions. It had hit a high in the previous session as well.
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. Last week, the company said it had secured an order worth Rs 2,279 crore from an international company.
Buying interest in the stock also 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 Rs 5,000 crore, compared with the current level of Rs 2,582 crore, reported CNBC-TV18.
MTAR Tech on May 12 reported a 222.6 percent year-on-year jump in consolidated net profit for the March quarter at Rs 44.2 crore, against Rs 13.7 crore in the year-ago period.
Revenue from operations rose 67.2 percent to Rs 306 crore during the quarter, compared with Rs 183 crore a year earlier.
According to BSE Analytics data, shares of the company have rallied 237.76 per ent so far in 2026 and gained 385.84 percent over the last one year.
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