Atmastco share price was locked in at a 5% upper circuit on Monday, 11 May, despite weak market sentiment, after it was granted a Bureau of Indian Standards (BIS) 17051:2018 certification for its Level 6 Bulletproof Jackets.
The company announced in an exchange filing that this certification represents a key milestone in its growth journey, emphasising its dedication to providing high-quality, standards-compliant defence equipment to both the Indian market and beyond.
The BIS certification verifies that Atmastco Defence Systems’ Level 6 bulletproof jackets comply with the stringent quality and safety standards set by Indian regulations. This accomplishment bolsters the company’s standing in the defence manufacturing sector and increases its credibility with institutional buyers, government agencies, and international collaborators.
Upon receiving this certification, the company will begin commercial production.
Atmastco Defence Systems is dedicated to the design, development, and production of cutting-edge defence and protection solutions. The company remains committed to investing in quality, compliance, and innovation to address the changing needs of the defence industry.
“Receiving BIS certification for Level 6 bulletproof jackets is a major achievement for Atmastco Defence Systems. It reflects our technical capabilities, adherence to rigorous quality standards, and commitment to excellence in defence manufacturing. We are now focused on expanding our product offerings and market presence,” the management stated.
Atmastco share price today
Atmastco share price today opened at an intraday low of ₹194 per share on the NSE and touched an intraday high of ₹204.60 per share.
Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, said that the stock is in strong momentum, gaining for the fourth consecutive session and up more than 40% this month.
According to Bhosale, this upmove is supported by volume and can be expected to continue; however, the indicators are overbought, suggesting a buy-on-dip approach. 180 – 185 is immediate support, whereas 230 – 240 is immediate resistance.
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