GENERAL3 Oct 2026
Azad Engineering shares: Up 85% in 6 months; stock to buy, says ICICI Securities - Check revised share price target | Stock Market News
ICICI Securities has kept its buy call on Azad Engineering and raised the target price to ₹3,200 from ₹1,900. The stock is up 85% in six months. The brokerage moved its valuation to FY29, citing new GE Vernova factories in Hyderabad and better order visibility. This matters to shareholders tracking the aerospace and defence supplier. Treat it as one brokerage view, not a guarantee.
Key Statutory Highlights
- Azad Engineering shares have risen around 85% in the past six months and 77% over the past year.
- ICICI Securities retained its BUY rating and raised the target price to ₹3,200 from ₹1,900 earlier.
- For the quarter ended June 30, 2026, net profit rose 20.2% to ₹35.7 crore and revenue grew 26% to ₹172.5 crore.
Actionable Advice for Taxpayers / Founders:If you hold or are considering Azad Engineering, read the full brokerage note and the company's own results before acting. A target price is an estimate, not a promise, so weigh it against your own goals and risk before buying or selling.
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
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