Axiscades Technologies touches roof on signing agreement with Indra
Axiscades Technologies is currently trading at its upper circuit limit of Rs. 1282.70, up by 61.05 points or 5.00% from its previous closing of Rs. 1221.65 on the BSE.
The scrip opened at Rs. 1280.00 and has touched a high and low of Rs. 1282.70 and Rs. 1280.00 respectively. So far 21330 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,282.70 on 17-Jun-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. 1282.70 and Rs. 1086.00 respectively. The current market cap of the company is Rs. 5451.17 crore.
The promoters holding in the company stood at 59.49%, while Institutions and Non-Institutions held 2.71% and 37.80% respectively.
Axiscades Technologies has signed agreement with Indra, a European-based global leader in defense, aerospace, and strategic systems, to collaborate on the production of solutions for the aerospace and defense markets. The agreement aims to manufacture in India several Indra solutions, such as antennas for its Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME) that provides in-flight information to aircraft, and countermeasure systems, as part of a broader system designed by Indra to protect aircraft in flight from potential missile attacks using guided systems, such as the well-known MANPADS.
The collaboration between the two companies strengthens Indra’s position in the global aerospace systems market and its network of alliances with companies worldwide. At the same time, Indra contributes to enhancing the capabilities of Indian companies, in a country where it has maintained a strong presence for years as a provider of cutting-edge systems and technologies across various sectors. Notable achievements include systems delivered to the country’s Armed Forces and projects for the modernization of civil air traffic management. Indra and Axiscades are evaluating collaborations in MPA Airborne Solutions and exploring a dedicated partnership for DRDO CABS MRMR and MMMA programs.
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.
