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MTAR Technologies: Earnings take a brief pause, but stock is gradually turning attractive

Jitendra Kumar Gupta   •

Though the company missed the expected growth in Q2FY24, because of the declining revenue in the clean energy segment, the quality of business, size of opportunity, capital allocation, and order book visibility remain intact.

MTAR Technologies has always commanded a high premium because of the low base, opportunities in the defence and clean energy segments and the quality of its business.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More