NSE: AZAD (Azad Engineering Ltd)– Cricket master blaster Sachin Tendulkar has also invested heavily in Hyderabad-based engineering company Azad Engineering.
Recently, this company has received a long-term contract of 7 years from the British giant Rolls Royce. Now investors have lined up to buy shares.
The shares of Azad Engineering, a small company based in Hyderabad, are rocketing in the stock market. The stock of Azad Engineering Company has been on a continuous rise for the past month. It also witnessed a major rally in the stock after January 25 and Azad Engineering shares hit a new 52-week high.
This Company gets government orders worth ₹5,500 crores, share reaches Rs 66 to 243 in just 1 year
NSE: AZAD (Azad Engineering Ltd) Share Performance
Shares of Azad Engineering rose more than 45%. The rise in Azad Engineering shares has been seen on the back of a major deal with a foreign company. Let it be known that veteran cricketer Sachin Tendulkar has also invested in Azad Engineering shares.
Azad Engineering Ltd (NSE: AZAD) opened trading at INR 1,012.00, with a high of INR 1,014.00 and a low of INR 940.70. The company’s market capitalization stands at a staggering INR 5.72 trillion. In the quarterly financial report for September 2023, Azad Engineering recorded a revenue of INR 82.84 crore, marking a significant increase of 44.15% in share return over the last month. The P/E ratio and dividend yield information are currently unavailable. The 52-week high for Azad Engineering’s stock is recorded at INR 1,045.00, while the 52-week low stands at INR 642.40.
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7-year deal with Rolls-Royce:
Azad Engineering said in its exchange filing that Rolls-Royce has entered into a 7-year long-term agreement with it. The deal is for Rolls-Royce to manufacture and supply critical engine parts for defense/military aircraft engines.
Rolls-Royce is Britain’s leading luxury car and aero engine manufacturing company. It is worth mentioning that, in the last 1 month, the share of Azad Engineering has increased by more than 45%. Share of Azad Engineering on January 10, 2024 Rs. closed at 673.60. While on February 9, 2024, the company’s shares were Rs. has reached the level of 971.
Rakesh Chopdar, founder and CEO of Azad Engineering, says, “Bringing these important components to India not only showcases Azad Engineering’s capabilities but is also an important moment for India’s aerospace and defense industry, reflecting the country’s growing strength in manufacturing.”
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Sports persons including Sachin Tendulkar have staked big bets
Master blaster Sachin Tendulkar staked a big bet in Hyderabad-based Azad Engineering last year. Sachin Tendulkar invested in Azad Engineering even before the company’s IPO. Let it be known that Sachin Tendulkar invested 5 crore rupees in Azad Engineering in March 2023.
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