<ul>
<li>Domestic brokerage firm Motilal Oswal in its latest report has initiated coverage on MTAR Technologies with a 'buy' rating and a price target of ₹2,800 per share, highlighting the company's robust growth prospects.</li>
<li>This target price reflects an upside of 32.7% from the stock's latest closing price of ₹2,110 apiece.</li>
<li>MTAR Technologies has become a key supplier of precision-engineered systems to major global multinationals, government departments, and large Indian public and private sector enterprises over the years.</li>
</ul>
<p><strong>Motilal Oswal recommends buying MTAR Technologies, citing strong growth prospects and a significant upside potential.</strong></p>
<h2><strong>Clean Energy: A Growth Catalyst</strong></h2>
<p>The company specializes in manufacturing power units, particularly hot boxes like Yuma and Santa Cruz, which are essential components of solid oxide fuel cells (SOFC) and electrolyzers used by Bloom Energy USA (BE), a global leader in SOFC production.</p>
<h3><strong>Traction Improves in the Space and Nuclear Sectors</strong></h3>
<p>The company has been a crucial supplier of mission-critical components and assemblies for the space and nuclear sectors since its inception.</p>
<h2><strong>Green Hydrogen: Brewing Opportunity</strong></h2>
<p>As per industry reports, the green hydrogen market is expected to clock massive growth over CY22-CY27, with market value reaching $7.3 billion by CY27 from $676 million in CY22.</p>
<h2><strong>Financial Outlook</strong></h2>
<p>The brokerage firm is optimistic about MTAR Tech's ability to capitalize on growth opportunities, thanks to its robust manufacturing capabilities and strong customer relationship management.</p>
<h3><strong>Conclusion</strong></h3>
<p>MTAR Technologies is well-positioned to capitalize on emerging opportunities in clean energy, space, nuclear, and green hydrogen sectors. With strong manufacturing capabilities and established customer relationships, the company is expected to see robust growth in the coming years.</p>
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