India's Dynamatic Technologies hits record high on signing aviation contract

Dynamatic Technologies

18/01/2024 09:08

** Shares of Dynamatic Technologies  DYNM.NS  up 12%,
hitting a record high to 5,860 rupees 
    ** Aerospace products maker said it signed has a long-term
contract with Dassault Aviation  AM.PA  
    ** Contract for manufacturing and assembly of
flight-critical aero structures for the Falcon 6X jet
    ** Stock above 200- day moving avg since Aug. 23, 2022
    ** DYNM on track for a sixth consecutive week of gains, if
trends hold 
    ** Stock rose 110.5% in 2023

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))