MTAR Technologies rallies 11%, hits all-time high on heavy volumes

On Tuesday, CRISIL upgraded the credit rating on the company's long term bank facilities to A-/Stable from BBB+/Positive and short term bank facilities to A2+ from A2

Shares of MTAR Technologies hit an all-time high of Rs 1,638.85 as they rallied 11 per cent on the BSE in Friday’s intra-day trade on the back of heavy volumes. The stock surpassed its previous high of Rs 1,562 touched on July 16, 2021. MTAR Technologies had made its stock market debut on March 15, 2021. With today’s surge, the stock was trading 185 per cent higher against its issue price of Rs 575 per share.

At 01:25 pm, it was up 9 per cent at Rs 1,615, as compared to a 0.57 per cent rise in the S&P BSE Sensex.