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Dynamatic Technologies soars on entering into MoU with SAAB Technologies

22 Feb 2019

Dynamatic Technologies is currently trading at Rs. 1385.00, up by 38.65 points or 2.87% from its previous closing of Rs. 1346.35 on the BSE.

The scrip opened at Rs. 1386.00 and has touched a high and low of Rs. 1420.00 and Rs. 1381.05 respectively. So far 301 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2153.85 on 26-Feb-2018 and a 52 week low of Rs. 1211.00 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1468.80 and Rs. 1211.00 respectively. The current market cap of the company is Rs. 880.83 crore.

The promoters holding in the company stood at 50.20%, while Institutions and Non-Institutions held 24.17% and 25.63% respectively.

Dynamatic Technologies has signed a Memorandum of Understanding (MoU) with SAAB Technologies with an intent to explore future joint opportunities in commercial and defence related work, including Gripen fighter aircraft.

Dynamatic Technologies is the largest producer of Hydraulic Gear Pumps in Asia and one of the top five worldwide. The company designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications.

Related Dynamatic Technologies Ltd. Links:

Dynamatic Tech Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323