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Why has MTAR rallied so much? Many factors are at work

Strong earnings visibility of MTAR Tech to give a leg-up to valuation and stock

September 29, 2021 / 02:04 PM IST
Why has MTAR rallied so much? Many factors are at work

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

One possible reason for the euphoric rise in the share price of MTAR Technologies post its IPO, besides the attractiveness of the business and the prudent management, is the Street expectations of significantly large orders from the clean-energy segment. The issue was priced at Rs 575 per share and the company got listed at Rs 1,064 apiece in March this year. Since then the stock has soared to the current level of Rs 1,421 a share. On a historical earnings basis,...

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