MTAR Technologies Shares Hit 5% Upper Circuit as Bloom Energy Set to Join S&P 500

Generic user silhouette icon 5paisa Capital Ltd - 0 min read

Last Updated: 7th September 2026 - 03:56 pm

Shares of MTAR Technologies were locked in the 5% upper circuit at ₹3,749.50 on September 7, after its key client Bloom Energy was selected for inclusion in the S&P 500 index. 

The development brought attention to MTAR Technologies because of its business relationship with the US-based fuel cell company. 

Bloom Energy will join the S&P 500 before trading opens on September 21, replacing deckers outdoors. 

Bloom Energy’s S&P 500 Entry Puts Focus on MTAR 

Bloom Energy’s inclusion comes as part of changes announced by S&P Dow Jones Indices. 

The company provides fuel cell-based power solutions and has emerged as an important customer for MTAR Technologies. 

MTAR supplies clean-energy products to Bloom Energy, making developments around the US company relevant for the Indian engineering firm. 

Bloom Energy Remains a Key Customer 

Bloom Energy accounted for more than 60% of MTAR Technologies’ revenue in FY26, highlighting the significance of the relationship between the two companies. 

MTAR Technologies supplies hot boxes and other critical assemblies used in Bloom Energy’s fuel-cell systems. 

The Indian company has also been working to expand the range of products supplied to Bloom Energy. 

MTAR Shares Have Seen a Strong Run 

The latest upper circuit adds to a sharp run in MTAR Technologies shares. 

The stock has gained more than 150% over the past six months, according to the Moneycontrol report. 

Bloom Energy’s upcoming entry into the S&P 500 has now provided another trigger for the stock, with MTAR Technologies’ shares reaching their 5% upper circuit during Monday’s session. 

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