Axiscades Technologies zooms on starting delivery of Man Portable Counter Drone System to Indian Army
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Axiscades Technologies is currently trading at Rs. 511.50, up by 32.70 points or 6.83% from its previous closing of Rs. 478.80 on the BSE.
The scrip opened at Rs. 488.00 and has touched a high and low of Rs. 529.60 and Rs. 488.00 respectively. So far 39732 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 848.00 on 11-Jan-2024 and a 52 week low of Rs. 359.00 on 15-Jun-2023.
Last one week high and low of the scrip stood at Rs. 530.00 and Rs. 433.35 respectively. The current market cap of the company is Rs. 2123.21 crore.
The promoters holding in the company stood at 60.30%, while Institutions and Non-Institutions held 8.92% and 30.77% respectively.
Axiscades Technologies has commenced delivery of a significant number of Man Portable Counter Drone System (MPCDS) to the Indian Army. This contract marks a major milestone for Axiscades, as the company begins the delivery of these systems, which are the first of their kind to be inducted into the Indian Defence Forces.
The MPCDS, developed by Axiscades, stands out as a game-changer in India's defence capabilities. Uniquely designed and entirely Made in India, the MPCDS is compact, portable, and operates on both battery and mains power. Covering multiple frequency spectrums, including Command & Control and Navigation, the system holds the ability to detect and jam a wide variety of drones within a range of up to 5 kilometres.
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.
