Motilal Oswal's Top Stock Pick for Data Center Theme: Price Target Revealed
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Motilal Oswal Recommends MTAR Technologies: 31% Upside on Data Center Theme
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CNBC TV18•27-02-2026, 10:03
Motilal Oswal Recommends MTAR Technologies: 31% Upside on Data Center Theme
•Motilal Oswal reiterates 'Buy' rating for MTAR Technologies with a price target of ₹4,810, implying a 31% upside.
•MTAR Technologies, a precision engineering company, is positioned as an indirect beneficiary of the global AI infrastructure wave and data center expansion.
•The company has a decade-long partnership with Bloom Energy (BE), serving as its sole supplier for critical hot box assemblies with a 60-70% wallet share.
•Every gigawatt of Bloom Energy's capacity translates into ₹900-1,100 crore of order inflows for MTAR.
•Motilal Oswal projects CAGRs of 40% (revenue), 55% (EBITDA), and 78% (adjusted PAT) for MTAR over FY25-28, driven by strong order inflows.
