Dynamatic Technologies is currently trading at Rs. 2973.00, up by 75.55 points or 2.61% from its previous closing of Rs. 2897.45 on the BSE.
The scrip opened at Rs. 2873.30 and has touched a high and low of Rs. 2980.00 and Rs. 2873.30 respectively. So far 105 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3650.00 on 24-Oct-2016 and a 52 week low of Rs. 1481.75 on 01-Mar-2016.
Last one week high and low of the scrip stood at Rs. 3174.00 and Rs. 2873.30 respectively. The current market cap of the company is Rs. 1880.40 crore.
The promoters holding in the company stood at 50.32%, while Institutions and Non-Institutions held 27.67% and 22.01% respectively.
Dynamatic Technologies has signed cooperation agreement with Israel Aerospace Industries to jointly address the needs of the Indian UAV market. The agreement encompasses the transfer of technology and production capabilities from IAl to DTL to enable the indigenous capability for mini UAV systems for the benefit of Indian end-users and in support of the Indian government's ‘Make in India’ initiative.
This agreement can serve as a solid foothold for much broader collaboration between the parties in the field of UAVs in India, while retaining the continuity of existing programs and enabling the implementation of new ones.
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. It has two state-of-the-art manufacturing facilities, located in Bangalore, India, and Swindon, U.K.