Buy Azad Engineering, target price Rs 2450: ICICI Securities
ICICI Securities has a buy call on Azad Engineering Ltd. with a target price of Rs 2450. The current market price of Azad Engineering Ltd. is Rs 1704.55. Azad Engineering, incorporated in 1983, is a Small Cap company with a market cap of Rs 10040.34 crore, operating in the Engineering sector.
Azad Engineering’s key products/revenue segments include Engineering Goods, Sale of services, Scrap and Export Incentives for the year ending 31-Mar-2024.
Financials
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 113.06 crore, up 14.18% from last quarter Total Income of Rs 99.02 crore and up 20.95% from last year same quarter Total Income of Rs 93.48 crore. The company has reported net profit after…
