Sachin Tendulkar, the former cricketer known as the ‘Master Blaster’, has seen his investment in Azad Engineering Ltd, a favorite stock, soar to over Rs 70 crore. This represents a remarkable increase from his initial investment of Rs 5 crore. The legendary former cricketer of Team India has witnessed a phenomenal surge in his investment as the stock of Azad Engineering, a mid-cap company, reached an all-time high of Rs 2080 on Thursday.
Azad Engineering, known for producing precision-forged and machined components for international OEMs in industries such as energy, aerospace, defense, and oil and gas, has seen a significant rise in its stock value. The company’s shares displayed tremendous momentum despite market turbulence. On Wednesday, shortly after the market opened, each share reached Rs 1981.80, breaking through the 5% upper circuit limit.
This sustained growth in Azad Engineering’s share price has resulted in substantial rewards for investors. Sachin Tendulkar’s investment in the company has proven to be particularly lucrative. In March 2023, Tendulkar initially invested approximately Rs 5 crore in Azad Engineering. Through a series of corporate actions, his holding expanded to 438,210 shares, with an average acquisition cost of Rs 114.1 per share.
Despite the company’s Rs 740-crore IPO, Tendulkar chose to retain his stake. Now, his initial investment of Rs 5 crore has grown 14.56 times, soaring to over Rs 70 crore. This significant return demonstrates the potential for strong investment growth in the right companies, even amid market volatility.
