Dynamatic Technologies surged 11.71% to Rs 1,446.95 at 09:55 IST on BSE after the company signed a Memorandum of Understanding with Joint-Stock Company (JSC) Russian Helicopters on Ka-226T Helicopter.
The announcement was made after market hours yesterday, 20 February 2019.On the BSE, 604 shares were traded on the counter so far as against the average daily volumes of 72 shares in the past two weeks. The stock had hit a high of Rs 1,468.80 and a low of Rs 1,381.35 so far during the day.
Dynamatic Technologies has signed a Memorandum of Understanding (MoU) with Joint-Stock Company (JSC) Russian Helicopters on Ka-226T Helicopter with an intent to build major structural assemblies for fuselage and aggregate assembly, sub-assemblies and detail parts fabrication.
On a consolidated basis, Dynamatic Technologies' net profit surged 3363.64% to Rs 3.81 crore on 10.97% rise in net sales to Rs 366.56 crore in Q3 December 2018 over Q3 December 2017.
Dynamatic Technologies designs and builds high precision systems and sub-systems for Aerospace, Automotive, Hydraulics, and Homeland Security & Defense.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)