&w=3840&q=100)
Axiscades Technologies shares hit fresh all-time high today; here's why
Axiscades Technologies share price: Axiscades Technologies shares were in focus on Tuesday, June 17, 2025, rallying up to 5 per cent (upper circuit) to hit a record high of ₹1,282.70.
At 11:00 AM, Axiscades Technologies shares continued to remain locked in the 5 per cent upper circuit at ₹1,280.70 per share. In comparison, BSE Sensex was trading 0.29 per cent lower at 81,557.98 levels.
Why did Axiscades Technologies shares jump today?
Axiscades Technologies shares surged after the company signed a strategic agreement with Spain-based Indra to jointly produce aerospace and defence solutions.
Indra is a leading Spanish multinational specialising in defence, air traffic, and space technologies. With a strong presence in over 140 countries and operations in 49, it is known for its innovation, systems integration, and role in major European defence programmes. In FY24, Indra reported revenue of €4.843 billion.
Under the pact, Indra aims to procure defence products and services from Axiscades, leveraging its capabilities in design, development, production, and supply chain.
The partnership will enable the manufacturing of several Indra systems in India, including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME) for in-flight data, and countermeasure systems to protect aircraft from missile threats like MANPADS.
Both companies are also exploring joint product development for Indian and global markets, potentially customising existing Indra offerings or creating new ones.
Further collaboration is being considered in MPA Airborne Solutions and for DRDO CABS' MRMR and MMMA programmes.
'The collaboration between the two companies strengthens Indra's position in the global aerospace systems market and its network of alliances with companies worldwide,' Axiscades Technologies said.
Catch Stock Market Updates Today LIVE
About Axiscades Technologies
Axiscades Technologies is among the leading technology and product engineering companies with over 25 years of expertise in aerospace, defence, and electronic systems & industrial automation (ESAI). The company provides end-to-end solutions—from conceptual design to manufacturing and certification—making it a trusted partner for OEMs and Tier 1 suppliers worldwide.
The market capitalisation of Axiscades Technologies is ₹5,451.17 crore. The company falls under the BSE SmallCap index.
The 52-week high of Axiscades Technologies is ₹1,282.70 per share, while its 52-week low is ₹421.05.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
12 minutes ago
- Business Standard
Sunshine Pictures, Lumino, M&B Engineering secure Sebi nod for IPOs
Film and television producer-director Vipul Shah-backed Sunshine Pictures, Lumino Industries and M&B Engineering have received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Tuesday. The three firms, which filed their preliminary IPO papers with Sebi during January-February, obtained their observations between June 9 and June 13. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. As for the Sunshine Pictures issue, its IPO comprises a total offer size of 8.3 million equity shares, including a fresh issue of 50 lakh shares and an Offer-for-Sale (OFS) of 3.3 million shares by promoters, according to the draft red herring prospectus (DRHP). Promoter Vipul Amrutlal Shah is proposing to sell 2.3 million shares, while Shefali Vipul Shah plans to offload 1 million shares. The company plans to utilise the proceeds from the fresh issue to meet its long-term working capital requirements, allocating up to Rs 94 crore to support future growth and operations, along with other general corporate purposes. Lumino Industries, an EPC company specialising in conductors, power cables, and power EPC projects, is looking to mobilise Rs 1,000 crore through its maiden public issue. The IPO comprises a mix of a fresh issue of shares worth Rs 600 crore and an OFS of Rs 400 crore by promoters. The Kolkata-based company will use Rs 420 crore proceeds from the fresh issue to reduce borrowing, and Rs 15 crore will go for capex, while the rest will be used for general corporate purposes. M&B Engineering, provider of Pre-Engineered Buildings (PEB) and Self-Supported Roofing, plans to raise Rs 653 crore through its initial share sale. The Gujarat-based company's proposed IPO is a combination of a fresh issue of equity shares valued at Rs 325 crore and an OFS of Rs 328 crore by promoters, the draft papers showed. Proceeds from the fresh issue to the extent of Rs 63.9 crore will be used for purchasing equipment and machinery for the company's manufacturing facilities, Rs 60 crore for payment of debt, Rs 110 crore to meet the company's working capital requirements and the remaining funds will be allocated towards general corporate purposes.
Mint
18 minutes ago
- Mint
SoftBank sells T-Mobile stake for $4.8 billion: How the mega share sale boosts Masayoshi Son's AI push
SoftBank Group Corp raised around $4.8 billion by selling its stake in T-Mobile US, a move intended to fund the company's grandiose plans for artificial intelligence. The Japanese company's founder, Masayoshi Son, is ramping up investments aimed at making artificial intelligence (AI) reasoning superior to human reasoning. All about the block sale The Tokyo-based technology giant sold 21.5 million T-Mobile shares for $224 each, pricing at the bottom of the $224 to $228 range in an unregistered overnight block sale, according to Bloomberg. The offering, which Bloomberg reported earlier, represents a discount of 3 per cent to T-Mobile US' Monday closing price of $230.99 per share. According to Bloomberg, Son is overseeing plans to invest as much as $30 billion in OpenAI and is also working with the ChatGPT creator to put hundreds of billions of dollars into data centres and related infrastructure around the world under the Stargate banner. Stock market reaction After the sale, T-Mobile shares fell 3.9 per cent in extended trading, while SoftBank's shares rose 2.1 per cent in Tokyo, reported Bloomberg. The deal is the biggest US stake sale since Toronto-Dominion Bank sold a $13.1 billion stake in brokerage firm Charles Schwab Corp in February. Sales of new and existing shares in US-listed companies reached $91.4 billion in the year to date, up from $75.9 billion in the same period a year ago, according to data compiled by Bloomberg. The T-Mobile stake sale would be the latest example of Son following his past investment successes, such as an early bet on Alibaba Group Holding that yielded thousands-fold returns to fund new ventures, reported Bloomberg. SoftBank's ownership in T-Mobile SoftBank received the shares of T-Mobile after the completion of the US telecom company's $26.5 billion acquisition of Sprint Corp in April 2020. Later that year, SoftBank substantially reduced its stake in T-Mobile via a $21 billion deal that helped pay for a record buyback of SoftBank's shares. The stake offered represents about 1.9 per cent of T-Mobile's outstanding shares, according to Bloomberg. SoftBank owned 85.4 million shares or 7.5 per cent of T-Mobile as of March 31, 2025.
Time of India
19 minutes ago
- Time of India
JioBlackRock Mutual Fund announces launch of investment management platform Aladdin
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads JioBlackRock Mutual Fund has announced the launch of Aladdin, BlackRock's unique investment analytics and risk management platform."Investing should be simple. And it should work for you. That's the belief that brought Jio Financial Services and BlackRock together. We've blended Jio's digital first approach with BlackRock's global investment expertise - to build solutions around what Indian investors truly need," the fund house posted on social media platform Read | JioBlackRock Asset Management receives SEBI approval to commence mutual funds business And for the first time, Aladdin, BlackRock's unique investment analytics and risk management platform, is now available in India. This is just the beginning. We are here to redefine investing by making it accessible and affordable for you. We are Jio BlackRock Mutual Fund ," it further Securities and Exchange Board of India (SEBI), vide letter dated May 26, 2025, granted the certificate of registration to ' Jio BlackRock Mutual Fund' and approval to Jio BlackRock Asset Management Private Ltd to act as the asset management company for Jio BlackRock Mutual BlackRock Asset Management Pvt Ltd is a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock. Mukesh Ambani's Reliance Group, through Jio Financial Services, has partnered with BlackRock to launch Jio BlackRock Asset Management, entering the growing Indian mutual fund month, the fund house received Sebi's approval to commence mutual fund business and it has already filed draft documents with Sebi to launch three debt fundsAlso Read | JioBlackRock gears up for third debt launch, files draft document of overnight fund with Sebi JioBlackRock Asset Management will bring an innovative investment proposition to the growing number of Indian retail mutual fund investors, as well as to institutional investors in India, according to a press fund house aims to launch a range of investment products, including those that apply BlackRock's industry-leading capabilities in data-driven investing, over the coming this month, the fund house announced the appointment of its executive leadership team and the launch of its website, along with an exclusive early access to an earlier report by ET, Aladdin will find a perfect launch pad in JFS as Mukesh Ambani's financial services play rests on a digital backbone from his existing ecosystem.'
