Azad Engineering Shares Surge 51% in a Month, Driven by New Facility and Strong Demand
Azad Engg hits record high, up 51% in a month; what's fueling the buying?
Business StandardImage: Business Standard
Azad Engineering's share price reached an all-time high of ₹2,202.75, marking a 51% increase in the last month, as the company inaugurated a new manufacturing facility in Hyderabad. This growth contrasts with a 6% decline in the BSE Sensex, highlighting strong demand for precision components in various sectors.
- 01Azad Engineering shares rose 51% in the past month, reaching a record high of ₹2,202.75.
- 02The company opened a new 7,600 sq. mtr. manufacturing facility in Hyderabad.
- 03It extended its supply agreement with Baker Hughes until December 2030.
- 04Azad Engineering reported a 32% year-on-year revenue growth to ₹432.98 crore.
- 05The management anticipates a revenue growth of 25% plus in the coming years.
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Azad Engineering's shares soared to an all-time high of ₹2,202.75 in intra-day trading, reflecting a remarkable 51% increase over the past month. This surge comes as the company inaugurated a 7,600 sq. mtr. advanced manufacturing facility in Hyderabad, aimed at supporting Baker Hughes, a global energy leader. In contrast, the BSE Sensex fell by 0.85% during the same period. The company's stock has gained 18% over the last three sessions, significantly outperforming the benchmark index, which has seen a 6% decline. Azad Engineering's revenue for the nine-month period ending December 31, 2025, grew by 32% year-on-year, reaching ₹432.98 crore, with profits surpassing last year's total. The company boasts an order book exceeding ₹6,500 crore, providing a strong foundation for future growth. Management projects a revenue growth rate of over 25% in the coming years, supported by a robust demand for precision components across various sectors.
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The new facility is expected to create jobs and enhance production capabilities, benefiting local economies and industries reliant on precision components.
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