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Dynamatic Technologies surges on signing long term contract with Boeing Defense

09 May 2019 Evaluate

Dynamatic Technologies is currently trading at Rs. 1379.95, up by 21.80 points or 1.61% from its previous closing of Rs. 1358.15 on the BSE.

The scrip opened at Rs. 1384.90 and has touched a high and low of Rs. 1385.00 and Rs. 1379.95 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1915.00 on 10-May-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. 1410.00 and Rs. 1353.60 respectively. The current market cap of the company is Rs. 875.09 crore.

The promoters holding in the company stood at 48.78%, while Institutions and Non-Institutions held 25.53% and 25.70% respectively.

Dynamatic Technologies has signed a Long Term Contract with Boeing Defense for the building of Aft Pylon and Cargo Ramp for Chinook CH-47.

This Contract is an extension of the existing program where Dynamatic is supplying to Global requirements as single source outside of Boeing. With this, the Contract has been extended up to 2023.

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.

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