Home Market Insight MTAR Technologies Bulk Deal: BofA Rs. 55 crore buys 2 lakh shares

MTAR Technologies Bulk Deal: BofA Rs. 55 crore buys 2 lakh shares

0
MTAR Technologies Bulk Deal: BofA Rs. 55 crore buys 2 lakh shares

Bank of America (BofA) on Friday bought over 2 lakh shares of MTAR Technologies through a wholesale deal, valued at Rs. 55 crore was. Share Rs. 2,665.45 were acquired, compared to Thursday’s Rs. 2,519.65 represents a premium of 6% from the closing price.

Shares of MTAR Technologies traded today on BSE at Rs. 2,688.30, up from Thursday’s closing price of Rs. 168.65 or 6.69% to Rs.

The stock rose 9% today to Rs. A new 52-week high of 2,740.45 was reached.

Shares of MTAR Technologies have risen nearly 60% over the past 12 months, a remarkable market performance amid weak market sentiment. According to Trendlyne data, the shares are currently trading at Rs. 2,472 and Rs. It is trading above its 50-day and 200-day simple moving average (SMA) of 1,829.

Also Read: Mangalam Drugs & Organics Bulk Deal: Vijay Kedia Gets Rs. 48 lakh sold 1.38 lakh shares

Live events

      MTAR Technologies is in the high-precision engineering business with a presence of over five decades. The company manufactures CNC machines with extensive expertise in manufacturing electro-mechanical, electro-pneumatic and electro-hydraulic systems for critical applications in the aerospace and energy sectors.

      In the quarter ended September 2025, the company posted Rs. 4.2 crore as against the Rs. 19 crore was less than 77%. During the quarter under review, the total revenue was Rs. 139.3 crore, compared to Rs. 192 crore has decreased by 27%.

      In another big deal today, French multinational bank Société Générale bought an additional 1,433,651 equity shares in Tata Capital through a block deal on Friday. This share is Rs. 354.5 at Rs. 51 crores were purchased at a consideration of Rs.

      The company paid Rs. 326 during the anchor bidding allotted 14,13,764 equity shares to Societe Generale. The allotted shares were 0.99% of the total anchor quota.

      Read More: Tata Capital Block Deal: Societe Generale to invest Rs. 51 crore purchased additional stake; An anchor investor sells

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

      Add As a trusted and reliable news source
      Add now!


      (You can now subscribe to our ETMarkets WhatsApp channel)

      NO COMMENTS

      LEAVE A REPLY

      Please enter your comment!
      Please enter your name here

      Exit mobile version