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Azad Engineering shares hit record high on contract with Rolls-Royce; check details

Azad Engineering shares rose 9% intraday to Rs 775.80 against the previous close of Rs 711.70 on BSE. Market cap of Sachin Tendulkar-backed Azad Engineering rose to Rs 4492 crore.

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Sachin Tendulkar-Backed Azad Engineering Secures 7-Year Contract As Key Supplier For Rolls-Royce Military Aircraft Engines

Sachin Tendulkar-Backed Azad Engineering Secures 7-Year Contract As Key Supplier For Rolls-Royce Military Aircraft Engines
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Azad Engineering shares rally 10% on getting order from Rolls-Royce

Newly-listed Azad Engineering shares rallied 10% to hit a new 52-week high of Rs 729.4 in Monday s trade on BSE after the firm won a big order from Rolls-Royce for critical engine part supply for defence business. The stock was trading 7.6% higher at Rs 727.7 on BSE. The IPO of Azad Engineering received a good response from investors with 80.6 times subscription at close. The company is one of the key manufacturers of qualified product lines supplying global original equipment manufacturers in the aerospace and defence, energy, and oil and gas industries.

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Sachin Tendulkar-backed Rs 4206 crore company inks pact with Rolls-Royce to make...

After the announcement, shares of the company hit an all-time high on the BSE on Monday at Rs 736.5 apiece.

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Welcome 2024: Markets to have a tough time ahead, US Dollar losing dominance

The week has come to an end and this week becomes special because the calendar year 2023 ends at the stroke of midnight as well. The week was a four-day affair, with it beginning with a trading holiday on account of Christmas.

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