Summary: AXISCADES Technologies secured ₹600 crore worth of defence orders across airborne, naval, and radar programs. The stock hit a 5% upper circuit after four days of losses, supported by strong year-to-date returns of over 105%.
Indian stock markets opened on a muted note Wednesday morning, with the benchmark indices showing little movement. While upbeat earnings from Larsen & Toubro provided some support, investor caution ahead of the U.S. Federal Reserve’s policy outcome and concerns over an upcoming U.S. tariff deadline. By 9:56 a.m. IST, the Nifty 50 was up 0.08% at 24,840.4, and the BSE Sensex had edged 0.04% higher to 81,371.66.
Despite the muted action in the frontline indices, Defence stock AXISCADES Technologies Limited has announced major defence order wins worth approximately ₹600 crore, boosting its role in India’s indigenous defence initiatives and sparking investor optimism.
AXISCADES Technologies Limited, a prominent "chip to product" company specialising in Defence, Electronics, Semiconductor, and Artificial Intelligence (ESAI) applications, has announced securing significant new orders through its Defence Subsidiaries.
These orders, collectively valued at approximately ₹600 crore, span across airborne, naval, and radar-based platforms from premier Defence laboratories in India. The company anticipates executing these orders over the next three to five years, ensuring a steady revenue stream across development, prototyping, and full-scale production phases. This development reinforces AXISCADES's commitment to indigenous development and strengthens its position as a key enabler in India's Defence modernisation efforts.
The new orders involve the development and supply of advanced sub-systems for sophisticated indigenous platforms being developed by leading Defence agencies, including DRDOs and Defence PSUs. These wins deepen AXISCADES's involvement in India's key Defence initiatives, such as fighter aircraft upgrades, naval modernisation, and long-range surveillance radar systems.
Highlights of the new orders include:
AXISCADES has announced its involvement in key defence programs focused on high-performance radar, sonar, and signal processing electronics. The company is contributing to indigenous defence platforms that are expected to play a significant role in strengthening India’s defence preparedness. These developments also indicate AXISCADES’ close collaboration with India’s leading defence research and production agencies.
AXISCADES Technologies' share price was locked in the 5% upper circuit as of 11:16 am on July 30, 2025. .This upward move came after four straight sessions of losses. The stock opened on a strong note with a 3.47% gap up and touched an intraday high of ₹1,296.85.
On a year-to-date basis, the stock price of the company has surged massively by over 105% while in the last 12 months, it has given 130% returns to its investors. In the longer period of 5 year, the stock price has zoomed by over 2,200%.
Disclaimer: The article is for informational purposes only and not an investment advice.
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