Azad Engineering share price: Up 86% in 6 months! Is more steam left in this defence stock? Experts' view, target price
AI Summary
Azad Engineering's recent price correction after hitting a 52-week high suggests a typical profit-taking behavior among investors following a significant rally. While the stock has shown impressive returns, the current consolidation phase may present a buying opportunity for long-term investors, especially given the company's strong order book and strategic expansions in the aerospace and defense sectors. Retail investors should monitor the support levels closely, as a rebound could indicate continued bullish momentum in this sector, which is increasingly vital for India's defense and energy landscape.
Azad Engineering share price today: Shares of Azad Engineering Limited ended lower on Thursday, October 1, as part of some correction post hitting fresh 52-week high level. The heavy electrical equipment manufacturer scrip has delivered nearly 86% return in six months.
The stock closed nearly 3.5% lower on Thursday after seeing sharp rally over the past few trading sessions. The private defence sector stock has delivered nearly 6.7% return in one week.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 01 October 2026.
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