The Union Budget FY25 prioritized defence improvements and listed 346 items for indigenisation. ICICI Securities recommended investing in Solar Industries, Azad Engineering, Zen Technologies, Astra Microwave, and Dynamatic Technologies. The budget saw substantial increases in aircraft and aero engine allocations while maintaining stable funding for other defence areas.

Defence sector may be back in action, ICICI Securities shares 5 stock picks

Aerospace to be the primary growth vector

Dynamatic Technologies - On The Runway; Set To Soar Further; ICICI Securities Initiates Coverage With Buy

The stock rose as much as 6.41% during the day to Rs 6,744.90 apiece on the NSE.

Dynamatic Technologies Shares Soar 6% On Partnership With Deutsche Aircraft

Here is what the charts say about the shares of Dynamatic Technologies, IGL and KPIT Technologies

Movers & Shakers: Stocks that will see action this week

Australia-based Ferra Aerospace will collaborate with Bengaluru-based Dynamatic Technologies on product integration, testing, technology development of airframe structures and precision aerospace components for customers across the Indian market

Ferra Aerospace and Dynamatic Technologies sign MoU for aerospace and defence advancement

As of December end, Singhania already held 2.62 percent stake in Dynamatic Technologies via Abakkus Emerging Opportunities Fund-1

Sunil Singhania, Madhu Kela bump up stake in this smallcap engineering company; stock gains

Dynamatic Technologies consolidated net profit declines 12.47% in the December 2022 quarter

Dynamatic Technologies rose 3.97% to Rs 2750 after the company’s subsidiary signed long-term contract with Spirit AeroSystems for detail part manufacturing for Spirit’s Belfast facility in Northern Ireland.

Dynamatic Tech gains on signing long-term contract with Spirit AeroSystems

Automobile stocks, TCS, Wipro, Adani Power, KPI Energy, Manali Petrochem, Tamilnad Mercantile Bank, Dynamatic Technologies, Shilpa Medicare

Stocks that will see action today (December 1, 2022)

Dynamatic Technologies rose 2.78% to Rs 2250.50 after the company announced the signing of a MoU with Hindustan Aeronautics (HAL) for long-term production of Front Fuselage of LCA Tejas.

Dynamatic Tech gains on signing MoU with HAL

Dynamatic Technologies has won the contract to manufacture the Escape Hatch Door for Airbus A220 aircraft. The contract was placed by recently established Stelia Aeronautique Canada Inc., a subsidiary of Airbus Atlantic SAS. This contract marks a milestone of workshare of the A220 supply chain in India and extends Dynamatic's capabilities for manufacturing critical aerostructure to Airbus.


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Dynamatic Technologies Bags Contract To Manufacturer Escape Hatch Door For Airbus A220 Aircraft

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Dynamatic Technologies Limited is a manufacturer of engineered products for the aerospace, automotive and hydraulic industries. The Company operates through three business segments: Automotive & Metallurgy, Hydraulics, and Aerospace & Defence.