Azad Engineering, a prominent manufacturer of aerospace components and turbines, made its debut on the Indian stock markets on December 28th. Having had an opportunity to assess the company’s future prospects, I find them highly promising, especially considering the booming space economy in our country.
As of 9:43 AM IST on December 29th, the shares of Azad Engineering are currently trading at levels exceeding 710, having briefly dipped to a low of 684 per share earlier today. In my personal view, these stocks show the potential to become multibaggers in the years to come, given the significant emphasis on the space industry by the Government of India.
About Azad Engineering :
Key Highlights:
Product Profile: The company specializes in manufacturing highly engineered, complex, and mission-critical high precision forged and machined components. This includes 3D rotating airfoil and blade portions of turbine engines, along with critical components for gas, nuclear, and thermal turbines.
Clientele: Azad Engineering boasts a diverse clientele, including global Original Equipment Manufacturers (OEMs) across the energy, aerospace and defense, and oil and gas industries. Notable clients include General Electric, Honeywell International, Mitsubishi Heavy Industries, Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE.
My Take is :
Azad Engineering stock is highly recommended for close observation as it presents a substantial opportunity for significant growth, potentially becoming a multibagger investment.
Cheers
Srikanth
