MTAR Technologies Ltd Quarterly Results

MTAR Technologies reported a net profit of ₹44.3 per cent, up over 223 per cent from ₹13.7 crore in the year-ago period

The Nifty India Defence index hit an intra-day high of 9,093.20, up 1.3 per cent on the NSE in intra-day deals, and was inching towards its 52-week high of 9,159.55 touched on June 24, 2025.

MTAR, as Bloom's key supplier of critical hot box assemblies (commanding 60-70 per cent wallet share), is not merely a beneficiary of this theme but an irreplaceable enabler of it, MOFSL said.

MTAR Technologies shares have already grabbed attention this year, surging over 100 per cent. As per exchange data, the sock has outperformed the markets so far in 2026 by skyrocketing 103 per cent.

MTAR Technologies stock hit a new life-time high at ₹4,848 in Wednesday's intra-day trade on the back of healthy business outlook.

Thus far in the month of April, Nifty India Defence index has outperformed the market by surging 8 per cent, as against 3 per cent gain in Nifty 50.

Among the defence stocks, Paras Defence, Bharat Dynamics, Apollo Micro Systems, BEML, Midhani, Bharat Electronics and Astra Microwave gained between 8% and 10% in Wednesday's intra-day trade.

In the past one month, the Nifty India Defence index has rallied 11 per cent, as against 4 per cent fall in the Nifty 50.

At 09:22 AM on Monday, the Nifty Defence index rose 1.1 per cent, as compared to 1 per cent decline in the Nifty 50 amid rising US-Iran tensions.

According to Motilal Oswal, MTAR Technologies is firmly positioning itself as the indirect beneficiary of the global AI infrastructure wave