Azad Engineering gives 170% in 2 months

Published : 05 March 2024

On December 28, 2023, Azad Engineering shares went public on the BSE and NSE at a massive premium of almost 35 percent. After being listed on the market for over two months, Azad Engineering shares have increased by 170 percent compared to the ₹499 to ₹524 range of the IPO price. 

Azad Engineering gives 170% in 2 months

Even with a significant listing gain, if an allottee had stuck with this stock, their money's absolute worth would have increased by 2.7 times.

Subscription details of Azad Engineering

Azad Engineering Stock went up by 50% in last one month

Azad Engineering's share price traded higher and reached an intraday high of ₹1,465 per share on NSE. The share price also touched a lifetime high. This recently listed company has increased by nearly 50% in the previous month, rising from about ₹932 to ₹1465 per share. 

Azad Engineering shares are available for trade on both NSE and BSE. The stock has a market cap of ₹8088 crore and its current trade volume is 724,916. The stock is currently available at a PE at 950 while the sector PE is 54.05.

Key Parameters of Azad Engineering

Azad Engineering Limited manufactures and sells aircraft components and turbines to original equipment manufacturers (OEMs) in the aerospace, military, energy, and oil and gas sectors.

About Azad Engineering

Check out more 5paisa webstories 

Swipe up

Swipe up to  Open Demat Account