Axiscades Technologies surges on securing news orders from Ministry of Defence
Axiscades Technologies is currently trading at Rs. 1315.00, up by 18.15 points or 1.40% from its previous closing of Rs. 1296.85 on the BSE.
The scrip opened at Rs. 1327.00 and has touched a high and low of Rs. 1360.50 and Rs. 1315.00 respectively. So far 7706 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. 1400.00 and Rs. 1234.65 respectively. The current market cap of the company is Rs. 5668.34 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 has secured new orders from Electronics & Radar Development Establishment (LRDE), DRDO, Ministry of Defence. The development contract executed between LRDE and Mistral Solutions, an Axiscades subsidiary company for the development of Exciter and Receiver unit of Virupaksh Radar for Su-30 MKI upgrade. This order is awarded for prototype development and will be followed by a production order. The production quantity is 84 numbers of Su-30MKI upgrade. Besides, Mistral Solutions has also received order from LRDE for development of S-Band Octal Digital Transmit and Receive Module (ODTRM) and Octal Digital Receive Module (ODRM). This order is awarded for prototype development and will be followed by a production order. The production quantity is for 500 numbers in 2-4 years. The third order received from LRDE for development of Digital Transmit Module (DTM) and Digital Receive Module (DRM) for surveillance radar. This order is awarded for prototype development and will be followed by a production order. The production quantity is for 400 numbers in 2-4 years.
Further, the company has also received orders from Bharat Electronics (BEL), Ministry of Defence. The supply order from BEL to Mistral Solutions for development of Digital Beam forming Unit for Long Range Battle Management Radar (LRBMR) of KUSHA project. The production quantity is for 75 in 5 years. Besides, Mistral Solutions has also received order from Bharat Electronics for production of SONAR subsystems for Submarine modification. These subsystems will be used in other platforms which are expected in the 3-5 years.
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.
