Motilal Oswal has initiated coverage on MTAR Technologies with a 'buy' rating and a price target of ₹2,800 per share, showcasing the company's optimistic growth potential. The report highlights MTAR Tech's role as a key supplier of precision-engineered systems to global multinationals, government departments, and Indian enterprises, particularly in the clean energy fuel cells business. The brokerage projects robust order inflows for MTAR Tech's business segments, driven by global demand and government initiatives in various sectors. With a focus on fuel cells, space, and nuclear industries, MTAR Tech is expected to witness significant revenue growth and order book expansion in the coming years. The company's specialization in manufacturing power units for solid oxide fuel cells, its partnership with Bloom Energy USA, and its expansion plans into green hydrogen indicate a proactive approach to capitalizing on emerging market opportunities. The report underscores MTAR Tech's significant revenue contribution from its fuel cells business, as well as its traction in space and nuclear sectors. Noteworthy is the company's strategic positioning in the green hydrogen market, with plans to leverage the growing demand and government initiatives in this sector. The article emphasizes MTAR Tech's financial outlook, highlighting its strong manufacturing capabilities and customer relationships as key elements for future growth and success in the industry.