Archive · 20 Jul 2026
MTAR Technologies Stock Falls 34% from Record High
MTAR Technologies' stock has been falling for three days in a row, down 34% from its highest price.
This is because investors are worried about Bloom Energy, which is a big customer of MTAR Technologies.
Bloom Energy's stock has also been falling.
The company's management says everything is fine and there are no problems with orders from Bloom Energy.
But investors are still concerned because the company relies heavily on Bloom Energy for its revenue.
MTAR Technologies' stock hit a 5% lower circuit for the third consecutive day.
The stock has fallen 34% from its record high of Rs 8,714.95.
Domestic mutual funds reduced their stake in the company to 20.36% in June 2026.
Foreign portfolio investors increased their holding to 24.79% in the same period.
Bloom Energy, MTAR's largest customer, has seen a 38% decline in its stock price.
- Who
- MTAR Technologies and its investors
- What
- Stock decline due to concerns over key customer Bloom Energy
- When
- June 25, 2026 to present
- Where
- BSE and NSE
- Why
- Investor sentiment weakened amid concerns over Bloom Energy's performance
Investor Concerns
Management Assurances
Stock Performance
Investor Concerns
Investors are worried due to the stock's 34% decline from its record high.
Management Assurances
Management assures that the order book is healthy and no reduction in committed business.
Customer Reliance
Investor Concerns
Investors are concerned about the company's heavy reliance on Bloom Energy.
Management Assurances
Management states that there have been no changes in business commitments from Bloom Energy.
- Current Stock Price
- Rs 5,741.50
- Record High
- Rs 8,714.95 (June 19, 2026)
- Domestic Mutual Funds Stake
- 20.36% (June 2026 quarter)
- Foreign Portfolio Investors Stake
- 24.79% (June 2026 quarter)
- Bloom Energy's Contribution
- More than 55% of MTAR Technologies' total revenue
- Bloom Energy's Stock Decline
- 38% over the past month