Axiscades Technologies surges as its arm secures couple of small pilot contracts
Axiscades Technologies is currently trading at Rs. 1388.00, up by 17.65 points or 1.29% from its previous closing of Rs. 1370.35 on the BSE.
The scrip opened at Rs. 1394.00 and has touched a high and low of Rs. 1437.00 and Rs. 1325.10 respectively. So far 7691 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 1506.00 on 07-Jul-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. 1437.00 and Rs. 1225.20 respectively. The current market cap of the company is Rs. 5868.93 crore.
The promoters holding in the company stood at 58.20%, while Institutions and Non-Institutions held 2.95% and 38.85% respectively.
Axiscades Technologies’ subsidiary -- Mistral Solutions has secured a couple of small pilot contracts. Although modest in scale, these contracts are significant, they represent engagements with two of the world’s largest hyperscalers and offer annuity revenue as well as exponential growth potential. To support these initiatives, the company has committed to developing world-class infrastructure in Bangalore, including an Acoustic Lab and a 3D printed PCB prototype facility. Additionally, the company is establishing a front-end engineering team in the United States.
This contract pertains to the development of production line testing equipment intended for global contract manufacturers supporting one of two hyperscaler clients. Additionally, it involves the creation of development test apparatus for audio products associated with the other hyperscaler. The initial estimated value of this pilot program is approximately $1 million.
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.
