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mtar technologies reports revenue growth but lowers fy26 guidance
MTAR Technologies reported a 14% YoY and 48% QoQ revenue growth in Q2FY25, with a robust order book of Rs 940 crore. Despite a contraction in EBITDA margins, the company anticipates a margin improvement to 21% in H2FY25 and has adjusted its FY26 revenue growth guidance to 20%. The stock is currently valued at 42 times its estimated fiscal 2026 earnings, reflecting ongoing concerns despite a more favorable medium-term outlook.
defence and shipbuilding stocks rise as investor interest rebounds
Defence and shipbuilding stocks have surged up to 5% following a bullish call from JPMorgan, which highlighted attractive buying opportunities in the sector. Bharat Dynamics and BEL saw increases of 5% and over 2%, respectively, while HAL rose nearly 2%. The Nifty India Defence index has gained close to 5% in the past month, with notable double-digit increases for MTAR Tech (+18%), DCX India (+10%), and Paras Defence (+11%).
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