MTAR Technologies shares extended their stellar rally on Friday, climbing as much as 4.91% to an intraday high of Rs 8,714 and hitting a fresh 52-week high. The precision engineering company's stock has emerged as a multibagger, soaring nearly 138% in the last three months, more than doubling investors' wealth during the period.
The sharp surge in MTAR Technologies' share price has been fueled by a combination of large international order wins, robust earnings growth, upgraded revenue guidance, and growing optimism around its clean-energy business.