Axiscades surges over 8% in 2 days after Rs 600 crore defence order win
Shares of Axiscades Technologies Ltd jumped another 2.58% to ₹1,333 on Wednesday, adding to Tuesday's 5% upper circuit rally, as investor sentiment remained buoyant following a major defence order win worth ₹600 crore.
The Bengaluru-based engineering solutions provider announced that it had secured fresh orders in the defence sector involving the development and supply of advanced sub-systems for several cutting-edge indigenous platforms. The projects are to be executed in collaboration with leading defence agencies such as DRDO and Defence PSUs, and will be fulfilled over the next 3 to 5 years through the company's defence-focused subsidiaries. Strong Defence Pipeline Fuels Investor Optimism
The company said the ₹600 crore cumulative order value represents a significant leap in its defence capabilities and future revenue pipeline.
'Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics,' said C Manikandan, Chief Technical Officer at Axiscades. 'We are contributing to indigenous platforms that will define the future of India's Defence preparedness.'
In June, Axiscades Aerospace and Technologies, a subsidiary of the company, signed an agreement with European missile systems giant MBDA to establish a dedicated defence facility in Karnataka. This facility will be equipped with labs, test benches, and infrastructure to support MBDA's advanced systems engineering. Stock Performance Stock Price (July 31, 9:30 AM): ₹1,333.00
2-Day Surge: Over 8% (Tuesday's 5% upper circuit + Wednesday's 2.58%)
(Tuesday's 5% upper circuit + Wednesday's 2.58%) Market Cap: ₹56.90 billion
₹56.90 billion P/E Ratio: 77.76
77.76 52-week range: ₹420.90 – ₹1,506.50
With strong fundamentals, a robust order pipeline, and rising defence sector visibility, Axiscades is quickly becoming a key player in India's strategic technology ecosystem.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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