New Delhi, April 30 -- Shares of multibagger defence stock MTAR Technologies surged over 9% on Thursday, April 30, backed by heavy volumes, to hit a record high of Rs.6,184.20 on the BSE. The sharp rally has positioned the stock as a standout performer in a market otherwise weighed down by global uncertainty and persistent foreign outflows.

With the latest surge, MTAR Technologies has delivered multibagger returns, soaring 348% from its 52-week low of Rs.1,350.25 recorded on May 7, 2025. The momentum has been particularly strong in recent months, with the stock gaining 110% in just three months.

The small-cap stock is currently trading above Rs.6,100, extending a powerful uptrend that has surprised many investors who had earlier viewed ...