MTAR Technologies shares witnessed a strong recovery in early trading on June 12, rising sharply after a sharp fall in the previous session. The stock jumped nearly 12.48% on the NSE to ₹7,093, compared to its previous closing price of ₹6,306, reflecting renewed investor confidence.
The previous decline in the stock price was primarily due to concerns regarding a project involving Bloom Energy, one of MTAR’s key clients. Reports indicated that Crusoe Energy had pulled out of a major data center project, creating uncertainty about future business opportunities for MTAR.
This news alarmed investors, leading to heavy selling pressure. However, the situation quickly improved after the company clarified its position and directly addressed the concerns.
MTAR Technologies stated that Crusoe Energy’s exit will not impact the ongoing negotiations or due diligence process with Bloom Energy. Management also confirmed that it has not received any official communication from Bloom Energy regarding changes to the project.
Importantly, the company emphasized that even though the EPC partner has withdrawn, the project remains expected to proceed. This confidence played a significant role in improving market sentiment.
The company stated that it has received clean energy orders worth approximately ₹2,800 crore in the current financial year. Additionally, it has an order book of approximately ₹1,300 crore in this segment, which provides clear revenue potential for the next two years.
This strong pipeline indicates that the business is not dependent on a single project and is continuously growing across multiple areas.
MTAR management has raised its growth guidance for FY27, expecting revenue to grow by more than 80%, with a 5% margin. The company is also targeting an EBITDA margin of approximately 24%, supported by capacity expansion in the clean energy sector.
Furthermore, new facilities in oil and gas will be operational by the end of the year, while higher volumes are expected from the nuclear and aerospace divisions as projects move into the execution and production stages.
Despite recent volatility, MTAR Technologies has delivered impressive returns this year. The stock has already gained more than 190% in 2026, making it one of the top-performing stocks in this volatile market.
With its presence in the clean energy, defence and aerospace sectors, as well as nine manufacturing units in Hyderabad, the company is strengthening its long-term business outlook.
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