Latest news with #AzadEngineering
Time of India
a day ago
- Business
- Time of India
Azad Engineering block deal: Nomura picks stake worth Rs 66 crore in this smallcap defence stock
Japanese financial holding company Nomura has picked up a stake worth Rs 66 crore in Azad Engineering via a block deal. It bought over 4.10 lakh shares at a price of Rs 1,616.85 per equity share which was at an 8% discount over the Thursday closing price of Rs 1,753.60. The block deal was executed on Friday and shares of Azad Engineering were bought through Nomura's investment vehicle Nomura India Investment Fund . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Vietnam (Prices May Surprise You) Container House | Search ads Search Now Undo Company's shares fell by over 5% or Rs 97 to settle at Rs 1,656.80. There were other buy and sell block deals as well involving F3 Advisors Private Limited, Graviton Research Capital and Mansi Share and Stock Advisors Pvt Ltd. Azad Engineering manufactures life-critical components and product lines in the aerospace and defence, energy and oil and gas industries. Its products include 3D rotating airfoil portions of turbine engines and other products. Live Events The stock has been a market laggard and has seen its price erode by 10% this year when Nifty has delivered 5.3% returns in the same period. Stock's returns over a one year period is just over 7% which is at par with the returns given by the 50-stock index. The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 1,591 and Rs 1,556, respectively according to Trendlyne data. It has traded with high volatility with a 1-year beta at 1.4. It reported a consolidated net profit of Rs 25.3 crore in Q4FY25 versus Rs 14.9 crore reported in the year ago period. The total revenue stood at Rs 130.3 crore versus Rs 95.6 crore posed by the company in the corresponding quarter of the last financial year. Also Read: Choice International block deal: BNP Paribas sells shares worth Rs 78 crore in multibagger stock ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
a day ago
- Business
- Economic Times
Azad Engineering block deal: Nomura picks stake worth Rs 66 crore in this smallcap defence stock
Nomura picks up a stake in Azad Engineering via a Rs 66 crore block deal, even as the stock underperforms and trades with high volatility. Synopsis Nomura acquired over 4.1 lakh shares in Azad Engineering for Rs 66 crore through a block deal at an 8% discount. Despite the investment, Azad's stock fell over 5% and remains volatile, underperforming Nifty in 2025. Japanese financial holding company Nomura has picked up a stake worth Rs 66 crore in Azad Engineering via a block deal. It bought over 4.10 lakh shares at a price of Rs 1,616.85 per equity share which was at an 8% discount over the Thursday closing price of Rs 1,753.60. ADVERTISEMENT The block deal was executed on Friday and shares of Azad Engineering were bought through Nomura's investment vehicle Nomura India Investment Fund. Company's shares fell by over 5% or Rs 97 to settle at Rs 1,656.80. There were other buy and sell block deals as well involving F3 Advisors Private Limited, Graviton Research Capital and Mansi Share and Stock Advisors Pvt Engineering manufactures life-critical components and product lines in the aerospace and defence, energy and oil and gas industries. Its products include 3D rotating airfoil portions of turbine engines and other stock has been a market laggard and has seen its price erode by 10% this year when Nifty has delivered 5.3% returns in the same period. Stock's returns over a one year period is just over 7% which is at par with the returns given by the 50-stock index. ADVERTISEMENT The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 1,591 and Rs 1,556, respectively according to Trendlyne data. It has traded with high volatility with a 1-year beta at reported a consolidated net profit of Rs 25.3 crore in Q4FY25 versus Rs 14.9 crore reported in the year ago period. The total revenue stood at Rs 130.3 crore versus Rs 95.6 crore posed by the company in the corresponding quarter of the last financial year. ADVERTISEMENT Also Read: Choice International block deal: BNP Paribas sells shares worth Rs 78 crore in multibagger stock (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Business Standard
24-05-2025
- Business
- Business Standard
Azad Engineering consolidated net profit rises 69.26% in the March 2025 quarter
Sales rise 36.78% to Rs 126.93 crore Net profit of Azad Engineering rose 69.26% to Rs 25.27 crore in the quarter ended March 2025 as against Rs 14.93 crore during the previous quarter ended March 2024. Sales rose 36.78% to Rs 126.93 crore in the quarter ended March 2025 as against Rs 92.80 crore during the previous quarter ended March 2024. For the full year,net profit rose 49.06% to Rs 87.32 crore in the year ended March 2025 as against Rs 58.58 crore during the previous year ended March 2024. Sales rose 34.21% to Rs 457.35 crore in the year ended March 2025 as against Rs 340.77 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 126.9392.80 37 457.35340.77 34 OPM % 35.9233.78 - 35.2734.21 - PBDT 45.1428.09 61 153.51101.32 52 PBT 35.8822.63 59 124.0380.79 54 NP 25.2714.93 69 87.3258.58 49
Mint
23-05-2025
- Business
- Mint
Stocks to watch: JSW Steel, Azad Engineering, ITC, Sun Pharma among shares in focus today
Stocks to watch: Following the weak global market sentiments after the fall in the US stock market, the Indian stock market witnessed strong sell-off pressure on Thursday. So, investors are expected to remain vigilant about the macro and micro developments, including corporate actions and developments in the listed companies. Here's a quick look at stocks likely to be in focus in today's trade. Shares of JSW Steel, Azad Engineering, Devyani International, and Ashok Leyland will remain in focus as the companies prepare to release March quarter results. Diversified conglomerate ITC Ltd announced its financial results for the March quarter (Q4FY25) on Thursday, May 22, posting a consolidated net profit of ₹ 19,807 crore. The sharp increase was largely driven by an exceptional gain of ₹ 15,145 crore from the demerger of its Hotels Business into the newly formed ITC Hotels Limited. NTPC Green Energy Ltd. announced on Thursday, May 22, that it had secured victory in the e-reverse auction held by NHPC Ltd. the previous day, Wednesday. The company's revenue rose by 8.1%, reaching ₹ 12,958.8 crore, up from ₹ 11,982.9 crore in the prior year. The Aditya Birla Group's flagship company posted a net loss of ₹ 288 crore for the fourth quarter of FY25, a reduction from the ₹ 441 crore loss recorded in the same quarter last year. The company's net profit fell by 1.6% to ₹ 298.5 crore in the January–March quarter of the 2025 financial year, down from ₹ 303.3 crore during the same quarter a year earlier. The company reported a net loss of ₹ 81.4 crore in the fourth quarter of FY25, compared to a profit of ₹ 110 crore in the same period last year, primarily due to reduced demand for optical fibre cables (OFC). The company posted a turbulent performance for the fourth quarter on Wednesday (May 22), with net profit dropping 53.6% year-on-year to ₹ 220.3 crore for the January–March period, down from ₹ 475 crore in Q4FY24. The government-owned company announced that it will discuss the possibility of raising up to ₹ 500 crore by issuing non-convertible debentures (NCDs) or bonds through a private placement during its upcoming board meeting on May 27. A Tamil Nadu-based company posted a net profit of ₹ 31 crore for the fourth quarter ending March 31, 2025, marking a 74.5% decline compared to the same period last year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
19-05-2025
- Business
- Business Upturn
Azad Engineering signs strategic supply agreement with Nuovo Pignone
By Aman Shukla Published on May 19, 2025, 20:48 IST Azad Engineering has entered into an additional contract—Amendment No. 1—to the Strategic Supply Agreement (SSA) originally signed on March 6, 2024, with Nuovo Pignone Srl. Nuovo Pignone is a subsidiary of Baker Hughes Company, headquartered at Via F. Matteucci, 2, 50127 Firenze (FI), Italy. The latest agreement extends the strategic collaboration for a period of five years and focuses on the supply of high-complexity and critical components. This marks a continued commitment between the two companies in delivering precision-engineered solutions for industrial applications. The financial terms of the contract remain undisclosed. There is no shareholding involved between Azad Engineering and Nuovo Pignone, and the agreement does not fall under related party transactions. It is a long-term international contract and does not involve any issuance of shares or appointment of board nominees. This extension reinforces Azad Engineering's position as a key supplier of specialized components to global industrial leaders like Baker Hughes, reflecting mutual confidence in quality, capability, and delivery standards. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
