Latest news with #AxiscadesTechnologies
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Business Standard
2 days ago
- Business
- Business Standard
Axiscades Technologies share jumps 5%, hits all-time high today; here's why
Axiscades Technologies share price: Axiscades Technologies shares were in demand on Friday, June 20, 2025, with the scrip rallying up to 4.67 per cent to hit a fresh all-time high of ₹1,479 per share. At 9:50 AM, Axiscades Technologies shares were trading 3.33 per cent higher at ₹1,460 per share. In comparison, BSE Sensex was trading 0.42 per cent higher at 81,703.22 levels. Why did Axiscades Technologies shares rise today? Shares of Axiscades Technologies surged today after the company signed two major international agreements aimed at boosting its presence in the aerospace, defence, and space technology sectors. The first boost came from a collaboration with Indra, a Spanish defence and technology major. The partnership aims to manufacture several of Indra's aerospace and defence systems in India, including Distance Measuring Equipment (DME) and countermeasure systems designed to protect aircraft from missile threats such as MANPADS. This alliance not only enhances Indra's global manufacturing footprint but also strengthens India's defence production capabilities under the 'Make in India' initiative. Both companies are also exploring future collaborations in Maritime Patrol Aircraft (MPA) solutions and key DRDO programmes, including MRMR and MMMA. Separately, on June 19, Axiscades Technologies entered into a strategic Memorandum of Understanding (MoU) with Aldoria, a leading European firm specialising in Space Surveillance and Situational Awareness (SSA). Announced at the 2025 Paris Air Show, the partnership aims to strengthen India's space capabilities by jointly developing software and integrated systems for orbital monitoring and collision avoidance. As part of the MoU, both companies will explore opportunities for high-level data integration and system alignment to deliver advanced SSA solutions that enhance India's space safety, security, and sovereignty. The collaboration also involves the exchange of selective technical insights to ensure compatibility with India's evolving space ecosystem. Following five months of discussions with ISRO and ISTRAC, Axiscades Technologies and Aldoria formalised this partnership to address growing needs in the space domain. The two firms will also work on scalable, end-to-end solutions designed to improve situational awareness in orbit—marking a major step toward building robust space infrastructure for the future. Sampath Ravinarayanan, chairman, Axiscades Technologies, said, 'India's growing constellation of space assets demands robust, indigenous SSA systems. Our collaboration with Aldoria marks an important milestone in our ongoing commitment to providing India's space ambitions with the best technology solutions available. We aspire to contribute and create a safe and sustainable space environment by combining our engineering expertise with Aldoria's pioneering role in space surveillance. Strategic space capabilities are essential for national security and long-term space exploration, and this alliance is a step toward enabling them.' 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 ₹6,162.16 crore. The company falls under the BSE SmallCap index.
Business Upturn
2 days ago
- Business
- Business Upturn
Axiscades Technologies shares jump over 2% to hit 52-week high after strategic MoU with European space tech firm Aldoria
By Aditya Bhagchandani Published on June 20, 2025, 09:28 IST Shares of Axiscades Technologies surged over 2% to ₹1,445 in Friday's session, extending their winning streak for the sixth consecutive day. The stock hit a new 52-week high of ₹1,479 earlier in the day after the company announced the signing of a strategic Memorandum of Understanding (MoU) with Aldoria, a European leader in Space Surveillance and Situational Awareness (SSA). According to the company's official statement, the partnership aims to bolster India's space safety, security, and sovereignty through advanced SSA solutions. 'Both organizations will evaluate opportunities for high-level data and system alignment to provide cutting-edge SSA solutions that contribute to India's space safety,' the release said. The collaboration is also expected to include joint development of scalable, end-to-end software and system integration concepts. The companies have reportedly been in discussion with ISRO and ISTRAC for the past five months, following which they chose to formalize this partnership to address India's evolving space needs. The market responded positively to this development, with Axiscades' stock not only hitting its record high but also emerging as a top gainer on the NSE for the day. Ahmedabad Plane Crash 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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Business Standard
5 days 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
5 days 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
5 days 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.
