** Shares of MTAR Technologies Ltd MTAR.NS climb 3.7% to 1,613.20 rupees
** Motilal Oswal retains "buy" rating on stock, citing strong growth in its clean energy business with a revival in orders from its top customer and addition of new clients
** Clean energy business of making fuel cells, electrolysers formed ~60% of MTRA's FY24 rev
** Brokerage says MTAR can also benefit hugely from top customer Bloom Energy's $(BE)$ scale-up and sees a potential revenue inflow of 10 bln rupees for MTAR from one of BE's supply agreements
** Adds, MTAR's revenue seen rising 28% CAGR from FY24-27 as fuel cell demand begins to rise
** Motilal has a 2,100 rupees PT for MTAR and is the lone brokerage tracking stock
** Stock trims YTD losses to ~30%
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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