Buy Azad Engineering, target price Rs 2450: ICICI Securities

ICICI Securities has buy call on Azad Engineering with a target price of Rs 2450. The current market price of Azad Engineering Ltd. is Rs 1622.9.

Azad Engineering Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 9276.60 Crore) operating in Engineering sector.

Azad Engineering Ltd. key Products/Revenue Segments include for the year ending .



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 99.02 Crore, up 3.62 % from last quarter Total Income of Rs 95.57 Crore and up 30.19 % from last year same quarter Total Income of Rs 76.06 Crore. Company reported net profit after tax of Rs 17.12 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 65.9 per cent stake in the company as of 30-Jun-2024, while FIIs owned 9.69 per cent, DIIs 3.44 per cent.