BUZZ-India's Azad Engineering rises on amendment of supply pact

Baker Hughes

Baker Hughes

BKR

0.00

** Shares of India's Azad Engineering AZAD.NS rise as much as 4.12%, last up 1.59% to 2146.10 rupees

** Co amended its existing supply pact with Nuovo Pignone S.r.l, a Baker Hughes BKR.O arm, successfully extending the turbomachinery supply deal through to 2030

** Co says amendment responds to increase in annual demand for supply of critical turbomachinery components used in power generation applications

** Trading vols at 1.1 mln shares vs 30-day average of 379,926 shares

** AZAD rated "buy" on average by five analysts, median PT at 1900 rupees -- data compiled by LSEG

** YTD, stock up 27.72%


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