India's Azad Engineering jumps on deal with Japan's Mitsubishi Heavy Industries

Azad Engineering

04/11/2024 04:31

** Azad Engineering  AZAD.NS  soars 12.7% to 1,647 rupees;
set for best day since Jan. 30
    ** Co signs contract worth 7 bln rupees ($83 mln) with
Japan's Mitsubishi Heavy Industries  7011.T  to supply airfoils
for gas and thermal power turbine engines
    ** AZAD on track for sixth straight session of gains
    ** More than 800,000 shares traded, ~7x the 30-day avg, in
stock's busiest session since July 18
    ** YTD, stock up ~140%

($1 = 84.0730 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))