8 months ago
Dynamatic Technologies Share Price Surges 9%
Dynamatic Technologies, a company that makes parts for airplanes and tractors, saw its stock price go up by 9.3% on December 08, 2024.
This happened because they made a deal with a French company called Dassault Aviation to build the back part of a new business jet called the Falcon 6X.
Dynamatic has been working with Dassault since January 2024, and this new deal means they will now make the whole back part of the jet.
The company's CEO is happy about this partnership and says they will make high-quality parts.
Dynamatic's stock has done really well in the past few years, going up by 106% in two years and 1000% in four years.
The company is important in making parts for airplanes and tractors and works with big companies like Airbus and Boeing.
Dynamatic Technologies' share price surged 9.3% to ₹9,266 on December 08, 2024.
The company signed an agreement with Dassault Aviation to manufacture the complete rear fuselage for the Falcon 6X business jet.
This agreement expands Dynamatic's role from producing flight-critical aero structures to the complete rear fuselage assembly.
The company's stock has delivered a 106% return in two years and a 1000% return in four years.
Dynamatic Technologies is a significant supplier to global aerospace OEMs and has an 80% share in the Indian OEM tractor market.
- Who
- Dynamatic Technologies and Dassault Aviation
- What
- Agreement to manufacture the Falcon 6X fuselage
- Where
- India
- When
- December 08, 2024
- Why
- To expand Dynamatic's role in the Falcon 6X project
Key facts
- Company
- Dynamatic Technologies
- Share Price Surge
- 9.3%
- Current Share Price
- ₹9,266
- Agreement Partner
- Dassault Aviation
- Project
- Falcon 6X fuselage manufacturing
- Market Cap
- ₹6051 crore
- Return in 2 Years
- 106%
- Return in 4 Years
- 1000%
Quotes
Dynamatic Technologies
A manufacturer of hydraulic gear pumps and automotive turbochargers
“Building on the long-term involvement of Dassault Aviation in the Make in India policy and a previous collaboration established in January 2024, under which Dynamatic undertook the manufacturing of flight-critical aero structures for the Falcon 6X, this new agreement marks an expansion of Dynamatic’s role in the Falcon 6X to now include the complete rear fuselage assembly.”
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Udayant Malhoutra
CEO and Managing Director of Dynamatic Technologies Limited
“We are proud to deepen our partnership with Dassault Aviation through this agreement to manufacture the complete rear fuselage for the Falcon 6X. The successful industrialisation and commercial production of flight-critical structures are testaments to our commitment to quality and precision engineering. We look forward to delivering exceptional products that contribute to the Falcon 6X’s reputation as a world-class business jet.”
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