Azad Engineering Limited
Axis Mutual Fund increased its stake in Azad Engineering Limited from 1.50% to 1.59%, acquiring 62,650 additional shares. The total value of Axis Mutual Fund's holding in Azad Engineering is now ₹244.57 crore based on the share price of ₹2378.50.
A manufacturer of aerospace components and turbines, Azad Engineering supplies precision-engineered products to original equipment manufacturers across aerospace, defense, energy, and oil and gas sectors. Established in 1983, the company specializes in heavy electrical equipment and complex mechanical assemblies for mission-critical applications. Its vertically integrated manufacturing capabilities and focus on quality engineering distinguish it within India's industrial manufacturing landscape.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.