Business Standard

MTAR Technologies hits 10-month low; tanks 52% from 52-week high level

A combined 1.55 million equity shares representing 5 per cent of the total equity of the company had changed hands on the NSE and BSE.

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.
Premium

SI Reporter Mumbai
Shares of MTAR Technologies hit a 10-month low of Rs 1,223.35 on slipping 9 per cent on the BSE in Wednesday’s trade. The aerospace & defense company's stock quoted its lowest level since August 2021. The stock has fallen 13 per cent in the past two trading days on margin concerns.
 
In the past three months, it has underperformed the market by falling 30 per cent, as compared to an 8 per cent decline in the S&P BSE Sensex. It has corrected 52 per cent from its 52-week high level of Rs 2,555.65 touched on January 3, 2022. It

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 29 2022 | 2:19 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com