Azad Engineering shares jump over 14% after securing Rs 700 crore contract from Mitsubishi

Azad Engineering shares increased by over 14% after signing a major long-term contract with Mitsubishi Heavy Industries valued at Rs 700 crore. This move strengthens the partnership between the two companies. The shares have risen 135% in 2024 so far and debuted in December 2023 with a significant premium. Analysts have given a strong buy recommendation.