{"id":346082,"date":"2026-11-13T10:24:33","date_gmt":"2026-11-13T04:54:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=346082"},"modified":"2026-11-13T10:24:33","modified_gmt":"2026-11-13T04:54:33","slug":"azad-engineering-share-price-icici-target-rs-3100-q2-fy27","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/azad-engineering-share-price-icici-target-rs-3100-q2-fy27\/","title":{"rendered":"Azad Engineering Share Price Up About 51% in 2026: ICICI Securities Sees 28% Upside With Rs 3,100 Target After Q2 FY27 Results"},"content":{"rendered":"

Azad Engineering Rs 2,480.80 (13 Nov, 10 AM). ICICI Securities Buy, target Rs 3,100 (27.94% upside). Q2 sales Rs 190.9 Cr (+31.1%). PAT Rs 30.9 Cr (-5.2%).<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Azad Engineering shares have risen about 51% in 2026, and ICICI Securities still sees 27.94% upside with a Buy rating and a Rs 3,100 target. The brokerage trimmed its target from Rs 3,200 after Q2 FY27 profit fell 5.2% to Rs 30.9 crore, even though sales rose 31.1% and EBITDA margin held at 37.9%. The stock trades near Rs 2,481, about 20.6% below its 52-week high, and at a PE of about 116. Strong operating numbers and a premium valuation are pulling in opposite directions, which is the central tension for investors reading the note.<\/p>\n<\/p><\/div>\n

Azad Engineering share price has been one of the stronger performers among small and mid-cap engineering names in 2026, with reports putting the gain at about 51%. On 13 November the stock traded near Rs 2,480.80, up 0.5%, after ICICI Securities published a post-results note keeping its Buy call. Azad Engineering stock investors have had a strong year.<\/p>\n

This article covers the target and the maths behind it, the Q2 FY27 numbers, the valuation, and the risks that could stop the stock from reaching the target. Azad Engineering shares have drawn attention from brokerages because of the pace of growth.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

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