Dynamatic Technologies jumps on partnering with Northrop Grumman

Dynamatic Technologies is currently trading at Rs. 2232.90, up by 43.35 points or 1.98% from its previous closing of Rs. 2189.55 on the BSE.

Dynamatic Technologies
Dynamatic Technologies

The scrip opened at Rs. 2279.65 and has touched a high and low of Rs. 2279.65 and Rs. 2221.00 respectively. So far 516 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2815.00 on 27-Oct-2021 and a 52 week low of Rs. 1668.60 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 2400.00 and Rs. 2156.20 respectively. The current market cap of the company is Rs. 1408.43 crore.

The promoters holding in the company stood at 44.84%, while Institutions and Non-Institutions held 17.87% and 37.30% respectively.

Dynamatic Technologies has partnered with Northrop Grumman. Northrop Grumman has signed a Letter of Intent with Dynamatic Technologies, to support their workshare for India Navy F/A-18 program. Dynamatic is a demonstrated leader for the development of exacting airframe structures and precision aerospace components for major global aerospace companies.

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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