Block deal was executed on Friday and parts of Azad Engineering were purchased by investing in Nomura Nomura India Investment Fund.
Company parts fall into more than 5% or Rs 97 to settle on Rs 1,656.80.
There are other purchases and sold deals also involving f3 private advisers privately limited, graviton research capital and mansi counselors Pvt Ltd.
Azad Engineer makes its products include 3D rotating airfoil parts of turbine engine and other products.
Stock is a laggard in the market and saw its price broken by 10% this year when the.3% returns at the same time. The stock returns a year is over 7% in par with the returns provided by the 50-Stock Index. The stock today is trading over 50-day and 200 days simple average (SMA) Rs 1,591 and Rs 1,556, each of the trendlyne data. It sells with a high order of a 1-year beta in 1.4.Count a combined net profit of Rs 25.3 crore of Q4fy25 crore the year ago. The total income stands at Rs 130.3 crore against Rs 95.6 crore that is laid by the company in the corresponding quarter of last financial year.
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