MTARTECH

May 22 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES LTD - RECEIVES A PURCHASE ORDERS VALUED AT USD 48.68 MILLION

Source text: ID:nNSE8xyF7L

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May 14 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES LTD - RECEIVES PURCHASE ORDERS WORTH USD 238.76 MILLION

Source text: ID:nBSE73xVLv

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May 12 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MARCH-QUARTER CONSOL NET PROFIT 442.8 MILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.06 BILLION RUPEES

Source text: [ID:]

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April 1 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES LTD - RECEIVED PURCHASE ORDER VALUED AT 355.6 MILLION RUPEES

Source text: ID:nnAZN4SOEMW

Further company coverage: MTAR.NS

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Dec 18 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES LTD - RECEIVES ORDER VALUED AT 3.10 BILLION RUPEES

Source text: ID:nNSE3fddct

Further company coverage: MTAR.NS

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** India's defence stocks .NIFTYINDDEFENCE gain 7% this week after multiple order wins for firms on the index

** Sub index on track for best day and week in nearly four months, when it surged on push for indigenous equipment in the backdrop of India-Pakistan conflict

** Heavyweight Hindustan Aeronautics HIAE.NS jumps 7.4% this week as it signed a tech transfer pact with ISRO, its commercial arm and regulator to manufacture low-earth orbit launch vehicles

** MTAR Technologies MTAR.NS rises 22% after winning clean energy fuel cell orders worth 3.86 billion rupees ($44 million) from Bloom Energy BE.N

** Paras Defence PRAF.NS bags orders worth 266 million rupees from Ministry of Defence-owned India Optel's unit; up 5% on the day

** Mazagon Dock MAZG.NS and German partner Thyssenkrupp TKAG.DE commence negotiations with Indian Navy on a $5 billion submarine project, MAZG up 9% this week

** NIFTYINDDEFENCE gains about 24% YTD

($1 = 88.2575 Indian rupees)

(Reporting by Urvi Dugar)

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Sept 10 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• RECEIVES ORDERS WORTH 3.86 BILLION RUPEES

Source text: ID:nNSE8ZybJY

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Aug 5 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES JUNE-QUARTER CONSOL NET PROFIT 108.1 MILLION RUPEES

• MTAR TECHNOLOGIES JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 1.57 BILLION RUPEES

Source text: ID:nBSE5XkV1Q

Further company coverage: MTAR.NS

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June 19 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• ENTERS TEN-YEAR CONTRACT WITH WEATHERFORD PRODUCTS GMBH

• EXPECTS TO EXECUTE 900 MILLION RUPEES ORDERS ANNUALLY FROM FY27

• EXPECTS TO EXECUTE 100 MILLION RUPEES ORDERS IN FY26 UNDER CONTRACT

Source text: ID:nBSE4PXK94

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Feb 6 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES - GOT ORDERS WORTH 2 BILLION RUPEES

Source text: ID:nnAZN3AT2RV

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** Shares of nuclear energy-related firms jump

** BHEL BHEL.NS, Kilburn Engineering KLBE.BO, MTAR Technologies MTAR.NS, Walchandnagar Industries WALC.NS and Power Mech Projects POMP.NS up between 4.3% and 13.4%

** India will develop at least 100 GW of nuclear energy by 2047, Finance Minister Nirmala Sitharaman says in union budget

(Reporting by Manvi Pant in Bengaluru)

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Dec 20 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• RECEIVES 2.26 BILLION RUPEES ORDERS IN CLEAN ENERGY AND AEROSPACE

Source text: ID:nBSEbXHfJy

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** Shares of MTAR Technologies Ltd MTAR.NS climb 3.7% to 1,613.20 rupees

** Motilal Oswal retains "buy" rating on stock, citing strong growth in its clean energy business with a revival in orders from its top customer and addition of new clients

** Clean energy business of making fuel cells, electrolysers formed ~60% of MTRA's FY24 rev

** Brokerage says MTAR can also benefit hugely from top customer Bloom Energy's (BE) scale-up and sees a potential revenue inflow of 10 bln rupees for MTAR from one of BE's supply agreements

** Adds, MTAR's revenue seen rising 28% CAGR from FY24-27 as fuel cell demand begins to rise

** Motilal has a 2,100 rupees PT for MTAR and is the lone brokerage tracking stock

** Stock trims YTD losses to ~30%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of MTAR Technologies MTAR.NS ended 2.8% higher to 1,628 rupees

** Precision engineering co's Q2 consol total rev from ops jumped 13.8% y/y to 1.87 bln rupees, sequentially it rose 48%

** Co's net profit dropped 8.3% y/y as expenses rose 16.9%

** Stock eyes busiest trading day in six sessions, about 240,000 shares traded

** MTAR down 3.4% YTD

(Reporting by Manvi Pant in Bengaluru)

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Oct 29 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• SEPT-QUARTER CONSOL NET PROFIT 187.7 MILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 1.9 BILLION RUPEES

Source text: ID:nBSE9mYPHh

Further company coverage: MTAR.NS

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Sept 23 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• GETS ORDER WORTH 154 MILLION RUPEES

Source text for Eikon: ID:nBSE243sKp

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** Shares of MTAR Technologies MTAR.NS down 5.5% to 1,685 rupees, their lowest level since June 6

** Precision engineering co' Q1 consol net profit fell 78%; rev down 16%

** MTAR sees sharpest fall since Aug 5, on track for fourth straight day of loss

** Shares see busiest day in about 5 weeks, with more than 360,000 shares traded

** Stock down 23% YTD, after a 23% rise in 2023

(Reporting by Aleef Jahan in Bengaluru)

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Aug 7 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• GETS EXPORT ORDERS WORTH $16.73 MILLION

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** Shares of MTAR Technologies MTAR.NS fall as much as 16% to 1,730 rupees, hitting their lowest level since early April

** Precision engineering co reports a near 85% year-on-year drop in consol Q4 profit, rev down 27%

** Stock last down 8.5%, set for its worst day since Feb. 14 when it tumbled on Q3 profit drop

** More than one mln shares traded by 10:00 a.m. IST, nearly 4x their 30-day avg

** Stock down about 15% YTD

(Reporting by Nishit Navin)

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May 28 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• ENTERED INTO A LONG-TERM AGREEMENT SPANNING OVER 15 YEARS WITH ISRAELI AEROSPACE INDUSTRIES

• BROAD CONSIDERATION OF ABOUT $90 MILLION- $120 MILLION IN 15 YEAR

• AGREEMENT TO SUPPLY MISSION CRITICAL ASSEMBLIES IN AVIATION SECTOR

Source text for Eikon: ID:nNSEbyVhG4

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** Shares of MTAR Technologies MTAR.NS, which counts Indian Space Research Organisation as a customer, up 2.3% at 2,088.20 rupees

** Motilal Oswal initiates coverage on its stock with "buy" rating, Street-high PT of 2,800 rupees

** Says co's business segments are poised to report strong order inflows aided by global demand of fuel cells and government initiatives in nuclear, space, and defence

** We expect fuel cells segment to post a 35% CAGR over FY24-26 and maintain its dominant share in MTAR's order book - Motilal Oswal

** Two other analysts rate the stock "strong buy" and "hold" each - LSEG data

** YTD, MTAR down 5.6%; other space-linked stocks Mishra Dhatu Nigam MISR.NS and Paras Defence and Space Technologies PRAF.NS up 16.8% and 8.9%, respectively

(Reporting by Varun Vyas in Bengaluru)

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** Shares of most space technology firms up after Indian govt on Wednesday relaxed some rules around foreign direct investment in space sector

** MTAR Technologies MTAR.NS, Paras Defence PRAF.NS, Indo National INNL.NS, Mishra Dhatu Nigam MISR.NS, ideaForge Technology IDEF.NS up between 0.2% and 8%

** IDEF, INNL were up roughly 2%-3%, before giving up most gains

** Moon mission-linked stocks had gained on Aug. 23, 2023 ahead of landing attempt, and the next day after a successful landing

** However, IDEF and INNL have declined between 6%-27% since the moon landing, while most of the other stocks have risen

(Reporting by Varun Vyas in Bengaluru)

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** Shares of MTAR Technologies MTAR.NS down 11%, steepest drop in five-session losing run

** Stock set for 2nd worst day since March 2021 debut

** Precision engineering co reports near 67% fall in Q3 net profit to 104.5 mln rupees ($1.3 mln), rev down 26%

** Over 1.2 mln shares traded, 7.1x the 30-day avg

** MTAR down ~23% YTD after a 36.5% gain in 2023

($1 = 83.0840 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Paras Defence and Space Technologies PRAF.NS rise as much as 5.6% to 759 rupees

** Co incorporates new subsidiary Quantico Technologies Pvt

** New unit to focus on quantum communication, a technology theoretically impossible to hack, according to researchers

** More than 870,000 shares change hands by 2:56 p.m. IST, 2.5x of 30-day avg

** More than 800,000 shares were traded in single sessions only twice in the last quarter

** Stock rose 19.5% in 2023, while rival defence-linked companies Premier Explosives PRMR.NS, Bharat Electronics BAJE.NS, MTAR Technologies MTAR.NS and Solar Industries SLIN.NS rose 278.7%, 84.4%, 36.5% and 53.4%, respectively

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of industrial equipment maker MTAR Technologies MTAR.NS fall as much as 12.5% to 2,235.05 rupees

** Co's Q2 consol profit fell 17.1% YoY on a 44.1% climb in total expenses

** Cuts FY24 rev forecast to 6.70 bln rupees to 7 bln rupees ($80.48 mln-$84.09 mln) from 8.30 bln rupees to 8.60 bln rupees earlier

** Says it has trimmed forecast due to deferment of shipment plans to next fiscal year

** Stock on track to snap three-day rally of gains, if trend holds

** Over 925,000 shares change hands as of 9:39 a.m. IST, 3x the 30-day moving average

** Stock last down 8.4%, trimming YTD gains to 44.7%

($1 = 83.2480 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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Nov 8 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• INDIA'S MTAR TECHNOLOGIES LTD SEPT-QUARTER CONSOL NET PROFIT 204.6 MILLION RUPEES VERSUS 246.9 MILLION RUPEES

• MTAR TECHNOLOGIES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.67 BILLION RUPEES VERSUS 1.26 BILLION RUPEES

Source text for Eikon: ID:nBSEJYwjh

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** Shares of MTAR Technologies MTAR.NS rise as much as 3.4% to 2,305.35 rupees

** The precision engineering co says Government of India has granted it Defence Industrial License for production of various mechanical and electronic subsystems

** Grant will help co to partner with foreign MNCs and cater to both domestic and export markets

** More than 480,800 shares change hands by 1:19 p.m. IST, 1.3x the 30-day avg of 379,740 shares

** All of the five analysts covering the stock have a "buy" or higher rating; median PT is 2,410 rupees - Refinitiv data

** Stock up 37.8% so far this year, up to last close

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of defence-linked companies rise after India's defence acquisition council approves proposals worth 78 bln rupees

** Paras Defence and Space Technologies PRAF.NS, Premier Explosives PRMR.NS, Bharat Electronics BAJE.NS, MTAR Technologies MTAR.NS and Solar Industries SLIN.NS jump between 1.7% and 4.5% each

** Proposals pertain to enhancing efficiency of Indian Air Force, procuring guns, tanks and systems for mechanised infantry and unmanned surveillance

** BAJE, which will provide the electronic warfare (EW) suite to Indian Air Force, gained as much as 2.64% to a record high

** PRMR, SLIN also scaled fresh all-time highs on Friday

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of cos linked to the Indian space agency's moon mission surge between 4%-18%, after the country landed its spacecraft on the lunar south pole

** Larsen & Toubro LART.NS and Centum Electronics CENT.NS, which supplied equipment, hit record highs

** Precision engineering firm MTAR Technologies MTAR.NS, which counts ISRO among its clients, jumped as much as 10% to its highest since Jan 5, 2022

** Paras Defence and Space Technologies PRAF.NS advanced 17.3%, while Indo National INNL.NS, which supplied four electronics components for the launch vehicle, jumped 5%

** India on Wednesday made history as its Chandrayaan-3 lander successfully touched down on the moon's south pole, thought to be a potential source of water and oxygen

(Reporting by Rama Venkat in Bengaluru)

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BENGALURU, Aug 23 (Reuters) - Larsen & Toubro (L&T) LART.NS and other companies that supplied equipment and materials for India's mission to the moon jumped on Wednesday, hours before the country attempts to land a spacecraft on the lunar south pole.

The Indian Space Research Organisation's (ISRO) Chandrayaan-3 spacecraft will attempt to land on the lunar south pole at 6:04 p.m. IST (1234 GMT) on Wednesday, in a mission seen as crucial to lunar exploration and the country's standing as a space power.

The mission has received heightened attention after Russia's Luna-25 mission failed less than a week earlier.

Industrial conglomerate L&T, which manufactured some segments of the booster that launched the spacecraft, ended 1.5% on the day.

India's space center in Sriharikota also uses L&T's tracking radar used to monitor launch vehicles.

Alloy maker Mishra Dhatu Nigam MISR.NS, which supplied cobalt and nickel base alloys for the launch vehicle, jumped 3.4%, while Indo National INNL.NS, which supplied four electronics components for the launch vehicle, jumped 5%.

Precision engineering firm MTAR Technologies MTAR.NS, which counts ISRO among its clients, jumped nearly 5%, while Paras Defence and Space Technologies PRAF.NS added 5.4%.

Industrial gas firm Linde India LIND.NS climbed 3.2% and is up nearly 19% so far this week, while Centum Electronics CENT.NS, which supplied modules for the mission, surged 14.2%.

(Reporting by Chris Thomas in Bengaluru; Editing by Savio D'Souza)

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