DSIJ Mindshare

On Friday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.41 per cent at 62,979.37 and the NSE Nifty-50 Index down 0.56 per cent at 18,665.50. 

The benchmark indices are expected to open slightly higher today, influenced by the positive start indicated by the SGX Nifty. The SGX Nifty began the session at 18,859 points and showed a gain of 51 points. In early trade on June 23, SGX futures reached a high of 18,923 points.

As of the quarter ended March 2023, the promoters of MTAR Technologies held approximately 46.63 per cent stake in the company. What has piqued interest is the fact that since the quarter ended June 2022, the percentage of pledged shares in relation to promoter holding has been on the rise.

The company's stock has been on a remarkable upward trajectory, delivering multibagger returns of over 700 per cent in the past three years. This impressive performance can be attributed to several factors, including the efficient management of the company and its commitment to growth and profitability.  

The stock has jumped more than 300 per cent in the last 6 months.