MTAR Technologies promoter sells 60,000 shares in open market as stock surges 230% in 2026 so far

MTAR Technologies shares gained nearly 6% in Thursday’s trade and have surged around 230% so far in 2026, even as a promoter group member disclosed an open market sale of shares in the company. The stock was trading around ₹7,901 at the time of writing.

According to an exchange filing dated May 21, 2026, Akepati Pranay Reddy, a member of the promoter group of MTAR Technologies Limited, sold 60,000 equity shares through the open market route. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The transaction took place between May 19 and May 20, 2026. Before the sale, Akepati Pranay Reddy held 2,50,000 equity shares, representing a 0.81% stake in the company. Following the disposal, the holding declined to 1,90,000 equity shares, equivalent to a 0.61% stake in MTAR Technologies.

The filing further stated that 60,000 shares, representing 0.20% of the company’s total shareholding and voting capital, were sold via the open market mechanism. The company’s equity share capital remained unchanged at Rs 30,75,95,910, divided into 3,07,59,591 fully paid-up equity shares of Rs 10 each.

Investor sentiment around MTAR Technologies has remained strong in recent months amid sharp gains in the stock price. Earlier, the company had also informed exchanges about its board meeting scheduled on May 12, 2026, to consider and approve audited financial results for the quarter and year ended March 31, 2026.

MTAR Technologies is engaged in precision engineering and manufacturing for sectors including clean energy, civil nuclear power, aerospace and defence.

Disclaimer: This article is based on exchange filings and publicly available market data. Investors are advised to consult certified financial advisors before making investment decisions.