IT stock jumps 5% after it partners with MBDA for missiles and other platformsIT stock jumps 5% after it partners with MBDA for missiles and other platforms

Introduction:

Leading IT company has partnered with a global defense giant to establish a Centre of Excellence for Test Benches in Bangalore. This initiative supports Make in India, enhancing advanced defense technology solutions and strengthening the country’s defense manufacturing capabilities.

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Share price movement of AXISCADES Technologies:

On February 10, 2025, Axiscades Technologies Ltd opened at ₹739.25, down 0.09% from its previous close of ₹750.05. The stock reached a high of ₹787.55 (5.00%) and a low of ₹739.25. By 12:18 PM, it traded at ₹750.70, with a market cap of ₹3,186.34 crore.

AXISCADES and MBDA to Establish Centre of Excellence:

AXISCADES Technologies Limited and MBDA have announced a strategic engagement to set up a Centre of Excellence (COE) for Test Benches in Bangalore. This initiative strengthens MBDA’s Make in India efforts and expands AXISCADES’ role in defense technology development.

AXISCADES has been working with MBDA since 2018, delivering advanced test solutions for MICA missiles and launchers. The COE will enhance global test solutions for MBDA, focusing on cutting-edge infrastructure, compliance with defense policies, and sustained offset obligations.

The COE, located at Aerospace Park near Kempe Gowda International Airport, will feature a state-of-the-art laboratory spanning 42,000 sq. ft. It will support simultaneous design, development, and production of multiple test benches, ensuring high-quality, cost-effective solutions for MBDA’s global needs.

Ace investor holding in AXISCADES Technologies:

Sanjay Katkar

Sanjay Katkar holds a 1.02% stake in Axiscades Technologies Ltd., owning 434,865 shares valued at ₹32.6 crore. His investment highlights confidence in the company’s growth, particularly in defense, aerospace, and advanced engineering solutions.

Stock performance of AXISCADES Technologies for Period of 1 week, 6 months and 1 year:

Axiscades Technologies Ltd. recorded a 0.82% gain over the past week, reflecting short-term stability. Over six months, the stock surged 49.0%, showcasing strong growth. However, its one-year return stands at -3.01%, indicating some volatility in long-term performance.

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Shareholding pattern of AXISCADES Technologies:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	59.60%	59.90%	60.30%
FII	0.50%	0.40%	0.30%
DII	4%	4.10%	4.50%
Public	36.10%	35.70%	34.80%

About AXISCADES Technologies:

AXISCADES Technologies Ltd. (NSE: AXISCADES) is a global technology and solutions provider specializing in defense, aerospace, and engineering. With a presence in multiple countries, it delivers innovative, sustainable solutions for weapon systems, avionics, drones, radar, and electronic warfare.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.