Shares of Dynamatic Technologies Ltd rallied 6% to touch a day’s high of Rs 8,725 on 4th November. This happened after the company informed the exchanges about a positive development related to fighter jets.

Dynamatic Technologies said it has been chosen as the exclusive partner for the Larsen & Toubro (L&T) and Bharat Electronics (BEL) consortium. This team is working on India’s fifth-generation fighter aircraft (AMCA) programme.

The partnership combines Dynamatic’s expertise in advanced aerostructures with L&T’s engineering strength and BEL’s electronics capabilities. 

The companies said this collaboration aims not only to build a next-generation fighter jet. It also intends to redefine India’s aerospace ecosystem.

At 1:36 PM, shares of Dynamatic Technologies were trading 5.65% higher at Rs 8,505 on NSE.

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