The shares of defence major MTAR Technologies may have succumbed to profit booking, dropping 3% on Monday after a sharp surge saw the share price of the company rally 24% in just three sessions to hit a record high on Friday.
The shares of the company shot up to a 52-week high of Rs 8,449.50 apiece on Friday. This marked a more than 155% rally from its March low of Rs 3,309 apiece.