Motilal Oswal Reiterates Buy on MTAR Technologies with Rs 4,810 Target

Motilal Oswal has reiterated a 'Buy' rating on MTAR Technologies, projecting a 31% upside with a target price of Rs 4,810. MTAR, a precision engineering firm serving defense, aerospace, nuclear, and clean energy sectors, benefits from its decade-long partnership with Bloom Energy, a key player in fuel cell technology powering global AI data centers. With data center capacity expected to grow rapidly by 100 GW between 2026-2030, MTAR's role as a major supplier in Bloom Energy's supply chain positions it to capitalize on the demand for reliable, fast-deployed power solutions amid grid connection delays.