Axiscades Technologies touches roof on renewing contract with Airbus for engineering services
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Axiscades Technologies is currently trading at its upper limit of Rs. 317.90, up by 15.10 points or 4.99% from its previous closing of Rs. 302.80 on the BSE.
The scrip opened at Rs. 317.90 and has touched a high and low of Rs. 317.90 and Rs. 317.90 respectively. So far 46198 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 385.25 on 16-Nov-2022 and a 52 week low of Rs. 83.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 317.90 and Rs. 261.30 respectively. The current market cap of the company is Rs. 1214.36 crore.
The promoters holding in the company stood at 66.53%, while Institutions and Non-Institutions held 0.09% and 33.38% respectively.
Axiscades Technologies has been again selected by Airbus, a global leader in the aerospace industry, to provide engineering services for product design and development and plant engineering for all Airbus aircraft programs.
In its relationship of over a decade, this is the fourth time that the company has been awarded a contract by Airbus, for engineering services, with significantly enhanced scope, following a rigorous Joint Sourcing Optimisation campaign. This contract renewal will entail niche engineering services on product development and plant engineering across Fuselage & Wings, covering different locations and divisions.
Axiscades Technologies is a holistic technology and engineering solutions provider, with a footprint across the entire product lifecycle management needs of global OEMs and core engineering firms.
