Azad Engineering Share: The demand for shares of Hyderabad based Azad Engineering Limited was very high among investors today. The share has jumped 4.81 percent to reach a high level of Rs 1717.

At around 9:45 am, shares of Azad Engineering were seen trading at Rs 1689, up by 3.11. In comparison, BSE Sensex was trading at the level of 84712.84. Today, the reason for the rise in the shares of Azad Engineering is a big business deal.

What’s the deal?

Actually, the company has entered into a master term agreement and purchase agreement with Pratt & Whitney (P&W) Canada. In an exchange filing, Azad Engineering said, “Azad Engineering Limited has entered into a deal with Pratt & Whitney Canada Corp for the development and manufacturing of aircraft engine components.

Under the terms of the order, Azad Engineering will be responsible for the development and manufacturing of aircraft engine components. The company said that the purpose of this deal is to strengthen the company’s manufacturing capacity in the aerospace sector along with national strategic priorities. However, the company did not tell how much the deal was done for.

How has been the business so far this year?

In the first six months of the financial year 2026, the company’s revenue increased by 32.1 percent to Rs 277.18 crore as compared to last year, while Ebitda jumped by 37.1 percent to Rs 99.9 crore, which also shows a strong margin of 36 percent. The company’s profit after tax (PAT) increased by 64.9 percent to Rs 62.99 crore. At the same time, in the second quarter the company’s revenue increased by 28.1 percent to Rs 142.67 crore. EBITDA increased by 29.2 percent to Rs 51.38 crore. Profit after tax (PAT) increased by 56.6 percent to Rs 33 crore.

Many giants have placed bets

Cricket legend Sachin Tendulkar has placed a big bet in Azad Engineering Limited. In the year 2023, Sachin had invested Rs 5 crore in the company. Apart from them, players like Saina Nehwal, PV Sindhu and VVS Laxman have also invested Rs 1 crore each in the company.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Diwali Top Picks: As Diwali is coming closer, market experts are also busy preparing the list of Diwali Top Picks. Centrum Broking has released the list of its 10 favorite stocks for Diwali. The brokerage says that investors will continue to get returns ranging from 18 percent to 31 percent from these shares for the next one year. These shares belong to many different sectors like manufacturing, banking and automobile. Let’s take a look at this list-

Dixon Technologies

Dixon Technologies is among the favorite stocks of Centrum Broking. Its order book is strong, hence it is indicating 15 percent volume growth in the second quarter of the business year 2026. Considering the company’s fast growing consumer electronics business and its performance, it can be bought at a valuation of 67 times its Q2FY28E TTM EPS. Its target price is Rs 21,574, which is about 25 percent more than the current price.

Cholamandalam Investments

Cholamandalam Investment and Finance Company (CIFC) will be able to overcome its challenges in the second quarter of 2026 and follow the path shown by the management, maintain 20 percent CAGR and increase NIM by about 15 basis points. The share price is 4.5 times its book value of Rs 430 as of Q2FY28.

Azad Engineering

Centrum Broking has given it a target price of Rs 2,145. It has a strong order book of Rs 6000 crore, reflecting a 10x book-to-bill ratio for FY27. Margins are continuously increasing at both EBITDA and PAT levels, and capacity is also increasing rapidly. Its target price is about 25 percent more than the current price.

Canara Bank

Non-Performing Assets (NPAs) of Canara Bank have been continuously declining for the last three years and NIMs are stable at around 2.4 percent level. NIMs will gradually improve to the level of 2.7-2.8 percent between the business year 2027-28. This stock is considered good at a valuation of 1.2 times FY27E ABV. Its target price is Rs 151.

Syrma SGS Technology

There is going to be 30 percent CAGR growth in its operational revenue in the next two years. Profit after tax margin is expected to remain stable at around 7 percent. With the margins of the PCB business also increasing, the company’s value is equal to 45 times the earnings per share (EPS) of 23 FY27.

Apart from these, shares of companies like Nykaa, Swiggy, KEI Industries, Bajaj Auto and Bharat Electronics are also in the list.

Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

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