Dynamatics Technologies Share Price: The stock of defense company Dynamatic Technologies can give strong returns to investors in the coming days. Brokerage house ICICI Securities has advised investors to buy the stock for a gain of 53 percent. On Tuesday, August 13, 2024, the stock closed at Rs 6803 with a decline of 0.79 percent.
After the results of Dynamic Technologies were announced, ICICI Securities has released a report on the stock. The brokerage house said that the stock can jump 53 percent from the level of Rs 6684 to Rs 10,250. The brokerage house said that the results of Dynamic Technologies have remained stable in the first quarter of FY 2024-25.
EBITDA from the Aerospace Division has grown by 8% year-on-year to Rs 401 million. The hydraulics division is seeing recovery quarter-on-quarter. The metallurgy division is transitioning from automotive to aerospace. According to ICICI Securities, the domestic performance has been better than overseas. The company’s debt stood at Rs 3.8 billion, which has decreased by 4.8% quarter-on-quarter.
ICICI Securities said that we are positive on Dynamic Technologies due to winning new contracts. The multibagger stock has given investors a return of 450 per cent in the last five years. While it has given a return of 265 per cent in two years and 70 per cent in one year. The stock has seen a rise of 33 per cent in 2024. The market cap of the company with a book value of Rs 983 is Rs 4620 crore.
If we look at the shareholding pattern of Dynamatic Technologies, the promoter’s stake in the company is 41.87 percent while FIIs have 17.13 percent stake. Domestic financial institutions have 11.23 percent stake and the public has 29.77 percent stake. In the April-June quarter, the share of mutual funds has come down by 0.18 percent to 5.45 percent. Whereas the stake of FIIs has increased.
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