Bank of America quietly snapped up more than 200,000 shares of MTAR Technologies, a move that sent the stock soaring to its highest level in a year.
Details of the block deal
On Friday, BofA bought 2,00,000+ shares in a single bulk transaction worth about ₹55 crore. The price per share was ₹2,665.45, roughly a 6 % premium over the previous day’s closing price of ₹2,519.65.
Immediate market reaction
Following the purchase, MTAR’s share price climbed to ₹2,688.30, up ₹168.65 (about 6.7 %) from Thursday’s close. Later in the session, the stock jumped another 9 % to hit a fresh 52‑week high of ₹2,740.45.
- Shares have risen nearly 60 % over the past 12 months.
- Current price is above the 50‑day SMA (₹2,472) and the 200‑day SMA (₹1,829).
About MTAR Technologies
MTAR is a long‑standing player in high‑precision engineering. It designs and builds CNC machines and electro‑mechanical systems used in aerospace and energy projects.
In the quarter ended September 2025, the company posted a consolidated net profit of ₹4.2 crore, a 77 % decline from the same period last year. Revenue fell 27 % to ₹139.3 crore.
Other notable block deal – Societe Generale and Tata Capital
French bank Societe Generale increased its stake in Tata Capital by buying an additional 1,433,651 shares for about ₹51 crore, at ₹354.5 per share. This followed an earlier anchor allocation of 1,413,764 shares at ₹326 each, representing 0.99 % of the total quota.
What this means for retail investors
Large‑institution purchases can act as a confidence signal, often driving the stock higher in the short term. However, investors should also weigh the company’s recent earnings slowdown before making decisions.
Remember, this is just my perspective, not a prediction. Do your own research and consider your risk tolerance before investing.