Azad Engineering surges on signing agreement with Pratt and Whitney Canada Corp
Azad Engineering is currently trading at Rs. 1678.00, up by 39.95 points or 2.44% from its previous closing of Rs. 1638.05 on the BSE.
The scrip opened at Rs. 1695.00 and has touched a high and low of Rs. 1717.00 and Rs. 1669.30 respectively. So far 28316 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1928.00 on 03-Jan-2025 and a 52 week low of Rs. 1128.40 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1717.00 and Rs. 1605.05 respectively. The current market cap of the company is Rs. 10800.33 crore.
The promoters holding in the company stood at 55.42%, while Institutions and Non-Institutions held 25.60% and 18.98% respectively.
Azad Engineering has signed a Master Terms Agreement & Purchase Agreement with Pratt and Whitney Canada Corp., Canada for the development and manufacturing of aircraft engine components. This agreement establishes a framework for long-term collaboration aimed at strengthening Azad's manufacturing capabilities in the aerospace sector, in alignment with national strategic priorities.
Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.
