Azad Engineering inaugurated two dedicated facilities for GE Verona; Goldman Sachs maintained a buy rating with a target price of Rs 3315, citing multi-year revenue visibility

Tue 29 Sep 2026

Goldman Sachs target price

Rs 3315 per share

Stock gain today

7 percent

Heard on Live TV News Channel between 13:46:51 - 13:48:06 IST.

• Company inaugurated two dedicated facilities for GE Verona, news flow from previous day
• Goldman Sachs maintained buy rating with target price of Rs 3315 per share
• Goldman said facilities are relevant as gas turbine expansion is the key medium-term growth driver
• Company seen moving up the value chain from component supplier to integrated platform partner
• Order seen as sizable, providing multi-year revenue visibility and incremental customer base
• Stock up 7% in today's session after gains yesterday

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