Page 2 - Azad Engineering News Today

On Tuesday, 669 stocks advanced, 3224 declined and 74 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.20, indicating negative closing of stocks in broader markets.

Azad Engineering Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 8018.09 Crore) operating in Engineering sector.

Shares of Azad Engineering have recovered over 105 per cent return from its recent lows. It hit its 52-week high of 1,465 on March 5, 2024, and a 52-week low of Rs 641.95 on January 17, 2024.

In the new rule, Indian government has allowed 100 percent investment under the automatic route for activities that includes manufacturing of components, systems and sub-systems for satellites.

The company had posted a PAT of Rs 3.83 crore in the year-ago period, according to a statement.

Hyderabad-based Azad Engineering on Tuesday reported more than three-fold increase in Profit After Tax (PAT) at Rs 16.8 crore for the three months ended December 2023. The company had posted a PAT of Rs 3.83 crore in the year-ago period, according to a statement.

Despite completing only up to the 10th standard at Trinity Public School, Hyderabad, Chopdars journey with Azad Engineering began in 2008.

The stocks of Hyderabad-based company Azad Engineering surged by over 42 percent in just three days following the pact with Rolls Royce.

Stocks that were in focus included names like Bajaj Finance, which fell 5.10%, Tata Investment, which jumped 20%, and KFin Technologies, whose shares increased 7.64% on Tuesday.

Rolls-Royce , a prominent defense company, has announced a long-term agreement with Azad Engineering for the...