GENERAL1 Oct 2026
Azad Engineering share price: Up 86% in 6 months! Is more steam left in this defence stock? Experts' view, target price | Stock Market News
Azad Engineering shares fell 3.5% to ₹2,860.05 on October 1, cooling off after a 52-week high of ₹3,126. The defence stock is still up 86% in six months, helped by two new Hyderabad plants for GE Vernova's gas power work and a strong order book. If you hold it, treat this as a pause, not a trend change.
Key Statutory Highlights
- Azad Engineering shares closed 3.5% lower at ₹2,860.05 on BSE on October 1, after touching a 52-week high of ₹3,126 on September 30, 2026.
- The stock has gained about 86% in six months and 39% in three months, with a market capitalisation of ₹18,470.70 crore.
- The rally is driven by two new manufacturing facilities in Hyderabad for GE Vernova's gas power business and a growing order book in aerospace, defence and energy.
Actionable Advice for Taxpayers / Founders:If you are thinking of buying or selling, read the company's latest filings and speak to a registered investment adviser first. Nothing here is a buy or sell call, and the source gives no confirmed target price.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: