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Azad Engineering is currently trading at Rs. 1697.65, up by 114.85 points or 7.26% from its previous closing of Rs. 1582.80 on the BSE.

The scrip opened at Rs. 1684.90 and has touched a high and low of Rs. 1732.55 and Rs. 1673.15 respectively. So far 18886 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 2080.00 on 20-Jun-2024 and a 52 week low of Rs. 641.95 on 17-Jan-2024.

Last one week high and low of the scrip stood at Rs. 1745.70 and Rs. 1545.95 respectively. The current market cap of the company is Rs. 10037.39 crore.

The promoters holding in the company stood at 65.90%, while Institutions and Non-Institutions held 15.48% and 18.61% respectively.

Azad Engineering has signed a Long Term Supply Agreement with GE Vernova International LLC, USA for the supply of highly engineered, complex rotating and stationary Airfoils for Advanced Gas Turbine Engines to meet their global demand in the power generation industry. This current phase of the contract, valued at $112 million (Rs 960 crore) is a robust step towards cementing the company’s everlasting strategic relationship with GE Vernova International LLC, USA. The said order is expected to be executed in 6 years. 

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.