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MTAR Technologies Shares Surge 13% After Bloom Energy Project Worry, Valuation Still Pricey

Mumbai, June 13, 2026, 18:32 (IST) MTAR Technologies bounced back Friday, ending at ₹7,159.50 on NSE, up 13.53%. Earlier in the week, the stock took a hit as a U.S. data-centre project tied to customer Bloom Energy raised investor concerns and led to heavy selling. MTAR closed at ₹7,160.70 on BSE, up 13.74%, putting its market cap near ₹22,022 crore. The price, though, is still below the 52-week high of about ₹8,449.50. (Sharekhan) MTAR shares bounced after management denied reports of a possible project delay. Managing Director Parvat Srinivas Reddy told CNBC-TV18, “There are no delays as far as we

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