MTAR Tech share price: The stock soared 14.75 per cent today to hit a 52-week high of Rs 2,817.75. It eventually settled 10.97 per cent higher at Rs 2,724.90. The company recently received the 'Defence Industrial Licence' for production of various mechanical and electronic subsystems. This would facilitate the ease of doing business with foreign MNCs on various defence projects, MTAR Tech said.
MTAR Technologies: The licence will enable the company to partner with foreign MNCs and cater export markets by taking up projects ‘Make’ categories of acquisition, thereby increasing the share of defence in its revenues.