Shares of MTAR Technologies gained around 3% in Wednesday’s trading session after Managing Director Srinivas Reddy said the company expects to outperform its earlier revenue growth guidance of 80% for 2026-27. The positive outlook is supported by a strong order book, rising demand from clean-energy major Bloom Energy and ongoing capacity expansion. MTAR Technologies shares, which were trading at ₹5,194 on July 29, touched a high of ₹7,135 on Wednesday. This represents a gain of more than 37% in less than a month. The stock, however, had declined more than 30% in July, marking its sharpest monthly fall since the company’s listing in 2021. The company has recently secured a reactor refurbishment order worth around ₹145 crore, with more similar orders expected in the pipeline. Reddy said nuclear-related order bookings and execution are likely to continue gaining momentum. MTAR Technologies’ overall order book currently stands at more than ₹5,000 crore, with a majority of the orders carrying relatively short execution timelines. According to Reddy, most of these orders are expected to be executed within one to one-and-a-half years, while a large portion of the remaining order book is likely to be completed within two years. Only a small part of the order book has an execution timeline extending to three years.

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