31 Jul 2025

Axiscades Technologies Rises on BSE; Secures Key Defence Orders from DRDO and BEL

Axiscades Technologies is currently trading at RS. 1315.00, up by 18.15 points or 1.40% from its previous closing of RS. 1296.85 on the BSE.

The stock opened at RS. 1327.00 and recorded an intraday high of RS. 1360.50 and a low of RS. 1315.00. So far, 7706 shares have been traded on the counter.

This BSE group 'T' stock, with a face value of RS. 5, touched a 52-week high of RS. 1506.00 on July 7, 2025, and a 52-week low of RS. 421.05 on November 26, 2024. Over the last week, the stock has fluctuated between RS. 1400.00 and RS. 1234.65. The company's market capitalization now stands at RS. 5668.34 crore.

Promoters hold 58.20% stake in the company, while institutions and non-institutions hold 2.95% and 38.85%, respectively.

Axiscades Technologies, through its subsidiary Mistral Solutions, has secured significant new orders from the Electronics & Radar Development Establishment (LRDE), DRDO, under the Ministry of Defence. The first contract involves the development of Exciter and Receiver units for the Virupaksh Radar system for the Su-30MKI upgrade. This prototype order will be followed by production for 84 units.

Additionally, LRDE has placed orders with Mistral for the development of S-Band Octal Digital Transmit and Receive Modules (ODTRM) and Octal Digital Receive Modules (ODRM), with a planned production of 500 units over the next 2–4 years. Another contract involves the development of Digital Transmit Modules (DTM) and Digital Receive Modules (DRM) for surveillance radars, with a production quantity of 400 units expected over 2–4 years.

Mistral Solutions has also received orders from Bharat Electronics Limited (BEL) for the development of a Digital Beam Forming Unit for the Long Range Battle Management Radar (LRBMR) under the KUSHA project, with production of 75 units over 5 years. Furthermore, Mistral will produce SONAR subsystems for submarine modifications, with potential deployment on additional platforms over the next 3–5 years.

Axiscades Technologies is a comprehensive technology and engineering solutions provider, serving global OEMs and core engineering sectors across the entire product lifecycle.