MTAR Technologies shares jump 4% on Rs 386 crore clean energy order from Bloom Energy

Synopsis

MTAR Technologies shares rose sharply after the company secured Rs 386 crore in clean energy orders from Bloom Energy. The deals, valid till June and March 2026, are expected to strengthen MTAR’s revenue, with analysts giving a ‘Strong Buy’ rating.

MTAR Technologies shares rose 4% to their intraday high of Rs 1,468 during Wednesday’s trading session following a key announcement of significant order wins in the clean energy sector.

In a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2018, the company disclosed that it has received orders worth Rs 386.06 crore from Bloom Energy Corporation, an existing international customer. These orders are part of the company’s ongoing business in the clean energy segment.

The orders include:

• USD 23.28 million (Rs 204.86 crore approx) valid till March 2026
• USD 20.59 million (Rs 181.20 crore approx) valid till June 2026

This development is expected to bolster MTAR Technologies’ revenue stream in the clean energy domain, which continues to be a key focus area for the company.

Price & Technical Overview

MTAR Technologies hit an intraday high of Rs 1,486, still leaving significant upside potential toward its 52-week high of Rs 1,841. The stock’s 52-week low is Rs 1,155, and the company currently holds a market capitalisation of around Rs 4,345 crore.

Analyst Outlook

As per Trendlyne Forecaster, 3 analysts have given a consensus recommendation of 'STRONG BUY' for MTAR Technologies Ltd. Their average target price suggests a potential upside of 40% from the current levels, indicating strong confidence in future performance.

Technical Indicators

Also read: HIRE Act 2025: Can US’ 25% outsourcing tax break Dalal Street's Rs 30 lakh crore compounding machine?

Simple Moving Averages (SMA): MTAR Technologies is currently trading below 4 out of 8 key SMAs, including the 50-day to 200-day SMAs, which can indicate weakness in medium to long-term trends. However, on a short-term basis, the stock is trading above the 5-day to 30-day SMAs, suggesting near-term bullish momentum.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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