Azad Engineering shares up 7% after Goldman Sachs maintained buy rating and target price of ₹3,315, following the company's inauguration of two dedicated facilities for GE

Tue 29 Sep 2026

Target price

₹3,315 per share

Stock move today

7 percent

Heard on Live TV News Channel between 12:44:27 - 12:45:42 IST.

• Azad Engineering inaugurated two dedicated facilities for GE, announced yesterday during market hours.
• Goldman Sachs issued a brokerage note maintaining a buy rating with target price of ₹3,315 per share.
• Goldman said the facility is relevant given gas turbine expansion, a key medium to long-term growth driver.
• Company seen moving up the value chain from component supplier towards a broader platform and integration partner.
• Sizable order book seen providing multi-year revenue visibility and incremental opportunities on existing base.

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