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The Economic Times

Debaroti Adhikary

MTAR Tech shares rally 12% after crashing 15% over 2 days. What lies ahead?

Mtar Tech MTAR Bloom Energy Bloom United States ET Now

The shares of MTAR Tech rallied around 12% on Friday after the company clarified that it has not received any communication on any project delay, following reports around an abrupt pause in its key US-based client Bloom Energy’s data centre project that sparked a 15% crash in the stock over two days.

The shares of the company rose to Rs 7,093 apiece on Friday morning, further buoyed by overall market optimism. The stock has jumped over 190% in 2026 so far and a whopping 315% in one year.

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