MTAR Tech shares rebounded sharply, gaining 12% after falling 15% over two days. The recovery followed company statements addressing investor concerns about a possible project delay.
The stock's earlier decline stemmed from worries over a potential pause in a project tied to Bloom Energy. MTAR Tech clarified that it had received no communication about any such pause, which helped calm market fears.
Recovery was aided by growth in the company's order book and activity from bulk deals. Broader market optimism also played a role in lifting the shares.
The episode highlighted how quickly sentiment can shift on project-related news in the defence and technology sectors.
