There was a tremendous rise in the shares of smallcap company Azad Engineering on Thursday. Shares of the company jumped more than 9% to Rs 1732.55. The biggest reason for this surge is the supply deal worth Rs 960 crore received from GE Vernova International.
Under this deal, Azad Engineering will supply complex rotating and stationary airfoils for advanced gas turbine engines. Interestingly, cricket legend Sachin Tendulkar has also invested in this company.
Got a deal worth Rs 960 crore from GE Vernova, 6 years contract
Azad Engineering got this long-term supply agreement for 6 years.
Its total value is 112 million dollars (about Rs 960 crore).
Earlier in November 2024, the company had also signed a long-term contract worth Rs 700 crore ($82.89 million) with Japan’s Mitsubishi Heavy Industries Limited.
Apart from this, a strategic partnership worth Rs 340 crore was also signed with a French company.
Due to these international deals, the company’s stock is continuously getting stronger.
Azad Engineering shares increased by more than 150% in the last one year
Shares of Azad Engineering have shown tremendous growth in the last one year.
On January 16, 2024, the company’s shares were at Rs 670.70.
By January 16, 2025, it increased to Rs 1732.55.
Growth of more than 150% in one year!
Share Performance (over the last 52 weeks):
52-week high: Rs 2080
52-week low: Rs 641.95
Azad Engineering’s IPO was launched on 20 December 2023 and was open till 22 December 2023.
The company’s shares were available in the IPO at a price of Rs 524 per share.
This stock has given excellent returns to investors since its IPO.
Sachin Tendulkar’s investment: Journey from Rs 5 crore to Rs 72 crore!
How much did Sachin Tendulkar invest in Azad Engineering?
Master Blaster Sachin Tendulkar had invested Rs 5 crore on 6 March 2023.
Tendulkar bought 4,38,210 shares of the company.
Sachin Tendulkar’s investment returns:
At the time of listing of shares of Azad Engineering on 28 December 2023,
Tendulkar’s investment reached Rs 31.55 crore.
By June 2024:
His investment reached more than Rs 72 crore!
However, at present it is not known whether Sachin Tendulkar still continues to invest in the company or he has taken an exit from it.
Will Azad Engineering shares rise further?
Azad Engineering has continuously signed big deals at the international level, due to which its shares have seen a tremendous rise.
GE Vernova deal worth Rs 960 crore
Mitsubishi deal worth Rs 700 crore
Partnership with French company worth Rs 340 crore
With these deals, the future of the company looks very strong and investors are expecting good returns in it.
Do you think Azad Engineering shares can rise further? 
Share your opinion! 
