AZAD

Fundamental Analysis:

is a precision engineering company manufacturing highly engineered components for aerospace, defence, energy, and oil & gas industries, with strong export-oriented business operations. In the latest quarter, the company’s revenue grew by 31% while net profit increased by 41%, reflecting strong execution and healthy demand across sectors. The stock trades at a P/E of 116x, which remains in line with its historical valuation levels considering its high-growth profile and niche business positioning. Technical Analysis: The stock is witnessing a strong bullish breakout and is currently trading near fresh all-time highs around ₹2,300, indicating sustained buying momentum. Price is trading well above all major moving averages with a steep higher high–higher low formation visible on the daily chart. RSI near 78 reflects strong momentum with mildly overbought conditions.