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Tips Music Ltd, Indian Bank, Gokaldas Exports Ltd and Sequent Scientific Ltd are among the other gainers in the BSE's 'A' group today, 09 January 2026.
MTAR Technologies Ltd spiked 6.20% to Rs 2675.85 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.69 lakh shares were traded on the counter so far as against the average daily volumes of 13503 shares in the past one month.
Tips Music Ltd soared 3.60% to Rs 537.15. The stock was the second biggest gainer in 'A' group. On the BSE, 6868 shares were traded on the counter so far as against the average daily volumes of 5249 shares in the past one month.
Indian Bank surged 3.26% to Rs 855. The stock was the third biggest gainer in 'A' group. On the BSE, 71081 shares were traded on the counter so far as against the average daily volumes of 41704 shares in the past one month.
Gokaldas Exports Ltd gained 3.11% to Rs 645.45. The stock was the fourth biggest gainer in 'A' group. On the BSE, 38666 shares were traded on the counter so far as against the average daily volumes of 20300 shares in the past one month.
Sequent Scientific Ltd jumped 2.94% to Rs 205.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 27909 shares were traded on the counter so far as against the average daily volumes of 38620 shares in the past one month.
The orders involve the supply of various equipment for Kaiga 5 and Kaiga 6 nuclear reactors. The deliveries are scheduled to be made in a staggered manner up to February 2030.
The company clarified that neither its promoters nor promoter group have any interest in the customer, and the orders do not qualify as related-party transactions.
MTAR Technologies develops and manufactures components and equipment for the defense, aerospace, nuclear, and clean energy sectors.
The company’s consolidated net profit tumbled 77.4% to Rs 4.25 crore on a 28.2% drop in revenue from operations to Rs 134.36 crore in Q2 FY26 over Q2 FY25.
Shares of MTAR Technologies fell 1.25% to Rs 2,291.70 on ther BSE.
“The orders received are part of Rs. 504 Crs of confirmed orders from kaiga 5 & 6 reactors. We expect to receive balance orders soon. With a robust order inflow backed by strong industry tailwinds, Civil Nuclear Power sector is set to witness significant growth over the coming years,” said Parvat Srinivas Reddy, Managing Director of MTAR.
Shares of MTAR Technologies tumbled 5.56% to Rs 2,378 on Friday, 5 December 2025.
The orders are part of the company’s regular business engagements and are expected to be executed between Q3 FY26 and Q2 FY27.
The company did not disclose the name of the customer, citing confidentiality obligations. However, it clarified that the order does not fall under related-party transactions and that neither the promoters nor the promoter group have any interest in the entity awarding the order.
The total order value of $29.95 million (approximately Rs 263.54 crore) will be executed over four quarters — $5.11 million in Q3 FY26, $9.58 million in Q4 FY26, $10.29 million in Q1 FY27, and $4.97 million in Q2 FY27.
MTAR Technologies, known for its precision-engineered systems and components, caters to critical sectors such as clean energy, nuclear, space, and defense.
The company’s consolidated net profit jumped 144% to Rs 10.81 crore on 22.5% rise in revenue from operations to Rs 154.41 crore in Q1 FY26 over Q1 FY25.