Azad Engineering shares up 7% after inaugurating facilities for GE Verona; Goldman Sachs maintained buy rating with target of Rs 3315

Tue 29 Sep 2026

Target price

Rs 3315 per share

Stock move 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 came in yesterday.
• Goldman Sachs maintained buy rating with target price of Rs 3315 per share.
• Goldman said facilities are relevant as gas turbine expansion is a key medium-term growth driver.
• Noted company is 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 starting yesterday afternoon.

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