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.

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