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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.