Analysts favour MTAR Tech's initial public offer on clean energy play

Analysts find MTAR Tech’s initial public offer attractive, given the company's growth prospects, huge opportunities in clean energy sector, competitive edge over peers and healthy order book. Besides, the precision engineering solutions provider's wide clientele base, along with sound research and development capability further helps it command a premium over other companies in the sector. The company's financials over the years have improved steadily with revenue growing 16% annually in the last two financial years.