Latest news with #AxiscadesTechnologies
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Business Standard
7 hours ago
- Business
- Business Standard
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.
Business Upturn
10 hours ago
- Business
- Business Upturn
Axiscades shares hit 5% upper circuit after company signs MoU with Indra
By Aman Shukla Published on June 17, 2025, 09:15 IST Shares of Axiscades Technologies hit a 5% upper circuit following the announcement of a strategic partnership with Indra, a leading Spanish defense and technology company. The two firms have signed a Memorandum of Understanding (MoU) to jointly manufacture key aerospace and defense solutions in India. The agreement was signed during the Aerospace Show in Le Bourget by José Vicente de los Mozos, CEO of Indra, and Dr. Sampath Ravinarayanan, Chairman of AXISCADES, in the presence of senior leadership from both companies. As part of the collaboration, AXISCADES will support the local production of Indra's tactical systems including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME), and countermeasure systems aimed at protecting aircraft from guided missile threats like MANPADS. This partnership aligns with India's 'Make in India' initiative and is expected to bolster AXISCADES' technological capabilities in aerospace and defense manufacturing. Indra, which already has a strong footprint in India through defense and civil aviation projects, aims to deepen its supply chain integration with local firms. The companies are also evaluating further collaborations on MPA Airborne Solutions and potential partnerships for DRDO's CABS MRMR and MMMA programs. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
10 hours ago
- Business
- Mint
Multibagger small-cap stock Axiscades hits 5% upper circuit on THIS update: Check details
Stock Market Today: Multibagger small-cap stock Axiscades was locked in a 5% upper circuit in the morning trades on Tuesday. AXISCADES Technologies Limited announced having signed an agreement to boost production of cutting-edge systems in India. Axiscades Technologies on Tuesday, 17 June 2025, announced on the exchanges having signed an agreement with a Europe-based global leader in defense, aerospace, and strategic systems. The agreement is to boost production of cutting-edge systems in India.
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Business Standard
15-05-2025
- Business
- Business Standard
Defence stocks continue rally; Sika Interplant, Astra Microwave up over 9%
Shares of defence-centric companies, particularly those involved in drone technology, missile systems, and related equipment, remained in strong demand on Thursday, closing the day with sizeable gains. Sika Interplant Systems led the group with a sharp rise of 9.26 per cent, followed closely by Astra Microwave Products, which soared 9.23 per cent. Axiscades Technologies gained 5 per cent, while Taneja Aerospace & Aviation, known for its work in aviation and aerospace, climbed 4.99 per cent. Data Patterns advanced by 3.30 per cent, Paras Defence rose 3.12 per cent, and Bharat Dynamics moved up 2.35 per cent. Shares of Hindustan Aeronautics were up 2 per cent, Bharat Electronics gained 1.74 per cent, and Mishra Dhatu Nigam edged up 1.55 per cent on the Bombay Stock Exchange (BSE), news agency PTI reported. Droneacharya Aerial Innovations, a renowned drone maker, also saw its shares rise by 2 per cent. In the broader market, too, investor sentiment remained upbeat. The 30-share BSE Sensex surged 1,200.18 points, or 1.48 per cent, closing at a seven-month high of 82,530.74. The NSE Nifty followed suit, jumping 395.20 points, or 1.60 per cent, to end at 25,062.10, which is also a seven-month high. Defence sector stocks have been on a winning streak this week, registering gains since last Friday. The revived interest in defence shares follows the launch of Operation Sindoor by the Indian defence forces on May 7. The military operation intially targeted terror infrastructure inside Pakistan and Pakistan-occupied Kashmir (PoK), but following escalation by Pakistan, Indian armed forces targeted hits on key Pakistan air bases. An understanding to stop firing was reached on May 11. However, Indian air defence systems acquitted themselves commendably, successfully neutralising most of Pakistan's drone-swarm and missile attacks. "Defense stocks remain in focus, buoyed by strong domestic demand and rising export optimism, having gained nearly 11 per cent this week," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Time of India
13-05-2025
- Business
- Time of India
Defence stocks continue to surge; Bharat Dynamics zooms over 11%
Defence-related stocks continued to remain in the limelight on Tuesday, with Bharat Dynamics surging over 11 per cent. Shares of Bharat Dynamics zoomed 11.16 per cent, Axiscades Technologies surged 5 per cent, Data Patterns soared 4.05 per cent, Bharat Electronics jumped 4.01 per cent on the BSE. Hindustan Aeronautics Ltd climbed 3.81 per cent, Mishra Dhatu Nigam rallied 3.44 per cent, Paras Defence and Space Technologies went up by 2.84 per cent and DCX Systems gained 2.81 per cent. Stocks of drone manufacturers Ideaforge Technology Ltd surged 9.26 per cent and Droneacharya Aerial Innovations rallied 4.99 per cent. Defence-related stocks are in focus after days of intense conflict between India and Pakistan following Indian strikes on terror sites in the neighbouring country on May 7 under Operation Sindoor. Defence stocks ended higher on Monday and Friday as well. ETMarkets WhatsApp channel )
