Dynamatic Tech up over 9.5%

Dynamatic Technologies, which, on a 2-week average has volumes less than 800 shares, today has already clocked a volume of almost 5k shares changing hands. The stock price surged over 9.5% up to an intraday high at Rs.2043.35. Its 52-week high is at Rs.3447.85.

The company announced yesterday evening that it has won the contract to manufacture the Escape Hatch Door for Airbus A220 aircraft. The contract was placed by recently established Stelia Aeronautique Canada, 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.

This Bengaluru based company designs and builds highly engineered products for Automotive, Aerospace, Hydraulic and Security applications at its state-of-the-art design facilities in Europe and India. The company is a market leader for the development of exacting airframe structures and precision aerospace components for major global aerospace companies.