Axiscades Technologies Shares: After ‘Operation Sindoor’, shares of the defense sector are continuously climbing. Meanwhile, the defense sector shares are once again in the focus between Iran-Israel. Today we are going to tell you about one such stock, which has given great returns to its investors. Here it is being talked about technology and engineering solutions provider Axiscades Technologies, which has given heavy returns to its investors in the last seven months.
Price reached beyond 30 rupees 1400
Where in March 2020, the share of Axiscades Technologies was just Rs 30. At the same time, in January 2024, it reached the high level of Rs 798 on BSE. This small-cap stock touched the new record level of 1,479 in Intrade trade on 20 June. With this, the stock put a long jump of 251 percent from the lower level of 52-weeks. That is, the investment of Rs 1 lakh in this stock in November 2024 would have increased to more than 3.5 lakhs today.
What is the reason for this boom in shares?
With a market capitalization of about Rs 6000 crore, ACTL shares are trading above 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The reason behind the recent rise in ACTL shares is its increasing presence in the aerospace, defense and space technology sector.
Recently, Axiscades Technologies has signed MOU with a European defense company Indra. Under this partnership, the company will buy defense related products and services from Axiscades. It will again be delivered to the company’s design, development, production and supply chain center. On 16 June 2025, the deal took place between the two companies at Paris Air Show.
What happened in both companies?
According to this deal, both companies aim to develop Indra solutions in India such as distance measuring device (DME). It is used in the navigation system of the aircraft so that there is no disturbance in the route. Overall, DME allows the aircraft to measure distance from the ground station.
The goal of the two is also to create a countenance system together. It is used to protect the aircraft from potential missile attacks. Both companies are also looking for a possible opportunity for partnership for MPA Airborne Solutions. In the financial year 2024-25, the total revenue of ACTL was Rs 1,031 crore, which is more than 7.9 percent of FY24 to 7.9 percent.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
Also read:
Suzlon Energy received 170.1 MW wind power project, sharp boom in shares; Investors get strong returns
(Tagstotranslate) Defense stock
Source link
