Dynamatic Technologies edges higher on delivering 5,000th Shipset for Single Aisle Aircraft

24 Jul 2019

Dynamatic Technologies is currently trading at Rs. 1328.15, up by 10.80 points or 0.82% from its previous closing of Rs. 1317.35 on the BSE.

The scrip opened at Rs. 1261.00 and has touched a high and low of Rs. 1328.15 and Rs. 1250.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1872.00 on 06-Sep-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. 1359.95 and Rs. 1250.00 respectively. The current market cap of the company is Rs. 842.24 crore.

The promoters holding in the company stood at 48.78%, while Institutions and Non-Institutions held 25.61% and 25.61% respectively.

Dynamatic Technologies has successfully delivered the 5,000th shipset of Single Aisle Flap-Track-Beam Assembly for Single Aisle Aircraft (A318, A319, A320 and A321) Family to Airbus. The company along with its partner Spirit AeroSystems successfully globalized the production of a Class-1 Flight Critical Assembly that plays an important role in Flight Take-off and Landing.

This is the first instance that a functional aero-structure of a major commercial jet is being manufactured by an Indian Private Company. The company is the global single source supplier of FlapTrack-Beam Assemblies and has ovell60 technicians and engineers dedicated to the program.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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