AXISCADES Stock Touched Upper Circuit Today on New Order Win
By HDFC Sky | Updated at: Jul 30, 2025 05:47 PM IST
Bengaluru, July 30, 2025 – Shares of AXISCADES Technologies Ltd (NSE: AXISCADES, BSE: 532395) surged 4.99% to ₹1,299.50 on Wednesday. This followed the announcement by the company of securing strategic defence electronics orders worth ₹600 crore across airborne, naval, and radar platforms.
The stock closed the day, today up by 4.99% at Rs 1,299.50.
Price Action Snapshot (As of 13:37 IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹1,299.50 |
| % Change | +4.99% |
| Day’s High / Low | ₹1,299.50 / ₹1,280.00 |
| VWAP | ₹1,298.53 |
| Total Market Cap | ₹5,522.57 Cr |
| Free Float Market Cap | ₹2,236.33 Cr |
| 52-Week Range | ₹420.90 – ₹1,506.50 |
| Adjusted P/E | 66.85 |
| Series | BE |
| Sector | Aerospace & Defence |
AXISCADES trades under the BE (Trade-to-Trade) segment, with a P/E ratio exceeding 66x, reflecting premium valuation amid long-term order visibility and strategic importance.
Defence Deal Boost
The rally followed AXISCADES’s announcement of major defence electronics wins from Indian government labs, which include:
- Su-30 MKI Radar Upgrade: Critical AESA radar subsystems including Exciter and Beam Control Units
- S-Band Surveillance Radar: Advanced TR modules for target detection and tracking
- LRBMR – KUSHA: DBF units with over 500 km detection range
- Electric Torpedo (EHWT): Homing receivers for submarine-launched weapons
- Sonar Systems: Production-scale undersea electronic subsystems
The ₹600 crore order book will be executed over 3-5 years, ensuring sustained revenue across development, prototyping, and production phases.
“These wins reflect our strength in radar, sonar, and signal processing electronics,” said CTO C. Manikandan. “We’re proud to be contributing to indigenous platforms defining India’s defence preparedness.”
About AXISCADES Technologies Ltd
AXISCADES is a listed aerospace and defence technology firm, headquartered in Bengaluru, with over 3,000 professionals operating across 17 global locations. It serves the Indian MoD, DRDO, defence PSUs, and global OEMs with expertise in C4I2, avionics, drones, and AI-integrated platforms.
REF: https://nsearchives.nseindia.com/corporate/AXISCADES_29072025222506_PressRelease290725.pdf
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