Axiscades Technologies jumps as its arm enters into strategic engagement with MBDA
Axiscades Technologies is currently trading at Rs. 780.05, up by 30.00 points or 4.00% from its previous closing of Rs. 750.05 on the BSE.
The scrip opened at Rs. 739.25 and has touched a high and low of Rs. 787.55 and Rs. 739.25 respectively. So far 5421 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 839.40 on 10-Jan-2025 and a 52 week low of Rs. 421.05 on 26-Nov-2024.
Last one week high and low of the scrip stood at Rs. 819.65 and Rs. 711.00 respectively. The current market cap of the company is Rs. 3225.81 crore.
The promoters holding in the company stood at 59.56%, while Institutions and Non-Institutions held 4.34% and 36.10% respectively.
Axiscades Technologies’ fully owned subsidiary -- Axiscades Aerospace & Technologies (AXISCADES) has entered into a strategic engagement with MBDA to establish a Centre of Excellence (COE) for Test Benches in Bangalore. The COE will enable MBDA to establish a reliable platform to roll its Make In India initiatives. AXISCADES has undertaken built-to-spec and built-to-print assignments on Test Benches for MBDA since 2018. AXISCADES has delivered multiple generations of Test Solutions towards MBDA’s MICA Missiles and Missile Launchers. For the past ten years, AXISCADES has been engaged with MBDA as prime Indian Offset Partner.
Taking the relationship to the next level, AXISCADES is now establishing a Centre of Excellence for Test Benches dedicated to MBDA. This COE will cater to the global Test Solution needs of MBDA including but not limited to MICA but also other Missiles and platforms. The COE will be set up at AXISCADES’s new premises coming up at Aerospace Park near Bangalore’s Kempe Gowda International Airport. The premises will host a state-of-the-art Test Bench laboratory, equipment, instruments, stores, tools along with skilled/trained resources. The COE is spread across 42,000 sq.ft. single floor plate and will be able to undertake simultaneous.
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.
