Azad Engineering shares tank 8% after ₹780 crore block deal
Published on 06/06/2025 01:53 PM
Azad Engineering shares tank 8% after ₹780 crore block dealThe number of shares that changed hands, amount to 7.4% of the outstanding equity in the stock.By Meghna Sen June 6, 2025, 1:53:41 PM IST (Published)1 Min ReadShares of Azad Engineering Ltd. fell as much as 8% on Friday, June 6, after a large trade took place in the stock.
As many as 48 lakh shares of Azad Engineering changed hands in the transaction that took place in today's trading session.
The number of shares that changed hands, amount to 7.4% of the outstanding equity in the stock.
Shares changed hands at an average price of ₹1,640 per share, which takes the total transaction value to ₹780 crore.
According to the March quarter shareholding pattern, promoters held a 60.32% stake in the company.
Azad Engineering made its stock market debut in December 2023, listing at a premium of over 37%, compared to its issue price of ₹524 per share.
Azad Engineering shares are currently trading 6.38% lower on Friday at ₹1,641.70. The stock is down 10% so far in 2025.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAzad Engineeringazad engineering share price