MTAR Technologies Trend Analysis
MTAR Technologies was established in 1970, it is in the business of manufacturing various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries.
As of 31st March 21, The company has an order Book of Rs. 416 Crores. The order book is divided into:
Space & Defence: 36%
Clean Energy: 35%
Nuclear: 29%
Clients are:
Large MNCs: Bloom Energy, Elbit, Rafael, etc.
Government Departments: ISRO, Defence Research and Development Organization, Indira Gandhi Centre for Atomic Research, etc.
Indian Companies: HAL, BHEL, Bharat Dynamics, etc.
Co. has Added 3 new MNC Customers during FY21: Andritz, Kongsberg & Tata Advanced Systems.
Top 3 clients contribute to roughly 80% of the Revenue (Bloom energy - 49%, Nuclear Power Corporation of India Limited - 23%, ISRO - 7%)
Balance sheet shows steady growth since 2017.
Technically highly bearish with head and shoulder pattern formation as highlighted.
Good to accumulate around 1050 to 1150 levels with SL @ 1000 for the following targets:
Medium term swing target @ 1975 (80% ROI with 8.75 R:R)
Long term swing target @ 2550 (132% ROI with 14.5 R:R)
Long term positional target @ 3400 (209% with 23 R:R)
Do your own due diligence before taking any action.
Peace!!
As of 31st March 21, The company has an order Book of Rs. 416 Crores. The order book is divided into:
Space & Defence: 36%
Clean Energy: 35%
Nuclear: 29%
Clients are:
Large MNCs: Bloom Energy, Elbit, Rafael, etc.
Government Departments: ISRO, Defence Research and Development Organization, Indira Gandhi Centre for Atomic Research, etc.
Indian Companies: HAL, BHEL, Bharat Dynamics, etc.
Co. has Added 3 new MNC Customers during FY21: Andritz, Kongsberg & Tata Advanced Systems.
Top 3 clients contribute to roughly 80% of the Revenue (Bloom energy - 49%, Nuclear Power Corporation of India Limited - 23%, ISRO - 7%)
Balance sheet shows steady growth since 2017.
Technically highly bearish with head and shoulder pattern formation as highlighted.
Good to accumulate around 1050 to 1150 levels with SL @ 1000 for the following targets:
Medium term swing target @ 1975 (80% ROI with 8.75 R:R)
Long term swing target @ 2550 (132% ROI with 14.5 R:R)
Long term positional target @ 3400 (209% with 23 R:R)
Do your own due diligence before taking any action.
Peace!!
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