Azad Engineering Q1 Profit Jumps 73.7% to ₹29.7 Cr; Stock Eyes ₹1,600 Resistance

Azad Engineering Q1 Highlights and Key Technical Levels Result Highlights Net profit surged 73.7% year-on-year to ₹29.7 crore, driven by robust revenue growth of 39.2% to ₹137 crore and a 50% jump in EBITDA to ₹49.2 crore. Operating margin expanded to 35.9% from 33.2% a year ago. Shares reacted positively, closing 3.3% higher at ₹1,500.55 on the NSE, although the stock remains down 18.7% year-to-date amid broader market corrections. Major Support and Resistance Levels Based on classic pivot-point calculations from the previous trading range: Resistance 1 (R1): ₹1,601.47 Resistance 2 (R2): ₹1,614.53 Support 1 (S1): ₹1,575.87 Support 2 (S2): ₹1,563.33 For traders eyeing extended moves, Resistance 3 at ₹1,627.07 and Support 3 at ₹1,550.27 mark the deeper technical zones.