India's Azad Engineering jumps on 8.11 bln-rupee deal with Siemens Energy

Azad Engineering

30/01/2025 07:05

** Shares of Azad Engineering  AZAD.NS  climb 6.1% to
1,506.1 rupees 
    ** The aerospace and defense parts maker sign deal with
Siemens Energy's  ENR1n.DE  unit to supply machined parts and
assemblies
    ** Deal for 8.11 bln rupees (~$94 mln)
    ** About 308,000 shares traded, higher than 30-day avg of
189,908 shares 
    ** Stock down ~13% so far in Jan, on track for biggest
monthly fall since July
    
($1 = 86.5740 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))