The stock opened at Rs 1,579.90 against the closing price of Rs 1,461.80 on Monday. After this, the stock crossed Rs 1670. The stock has given a return of 130 percent in one year. The promoters' stake is 65.9 percent. At the same time, 0.76 percent of the total stake is pledged.
This company is Azad Engineering. The company has received a big order. The company told on the exchange that it has received an order of Rs 700 crore. This order has been received from MITSUBISHI HEAVY INDUSTRIES. The company will provide heavy machines.
On the other hand, FIIs i.e. foreign institutional investors are continuously selling. But they have bought shares of Azad Engineering heavily. The share has increased from 4.68 percent to 9.74 percent in one year. (A total of 48 lakh marriages will take place in the country in the next two months, business of 6 lakh crores expected) What does Azad Engineering do - Azad Engineering is one of the leading manufacturers of qualified product lines that supply global original equipment manufacturers (OEMs) in the aerospace and defense, energy and oil and gas industries. It is said that earlier this year, cricket legend Sachin Tendulkar invested in Azad Engineering in an undisclosed strategic deal. The second company is Gensol Engineering. The company has received a big order. The company has received an order of Rs 780 crore. After the news, the stock has seen a strong rise. On Monday, the stock opened at Rs 860.00 against the closing price of Rs 814.65. However, the stock has given a return of only 6 percent in a year. The promoters hold 62.58 percent stake in the company. Out of this, about 79.81 percent is pledged.
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