Former cricketer Sachin Tendulkar, often referred to as the ‘Master Blaster’, has seen his investment in Azad Engineering Ltd surge from an initial Rs 5 crore to over Rs 70 crore.
The mid-cap company, known for manufacturing precision-forged and machined components for global OEMs across industries like energy, aerospace, and defence, witnessed its stock soar to a record high of Rs 2080. Despite market volatility, Azad Engineering’s shares hit Rs 1981.80 shortly after opening, hitting the upper circuit limit of 5%. Investors have benefitted significantly from the company’s robust stock performance.
Key Points:
- Sachin Tendulkar’s investment in Azad Engineering Ltd has grown from Rs 5 crore to over Rs 70 crore.
- Azad Engineering specializes in precision-forged components for global OEMs in energy, aerospace, defence, and oil and gas sectors.
- Despite market fluctuations, the company’s stock surged to Rs 2080, reaching Rs 1981.80 early in the trading session.
- Tendulkar’s stake in Azad Engineering, acquired initially at Rs 114.1 per share, now includes 438,210 shares.
- His investment appreciated significantly despite Azad Engineering’s Rs 740-crore IPO, underscoring his confidence in the company’s growth trajectory.
