Synopsis:

AXISCADES wins ₹7.99 crore Indian Army order for portable counter-drone systems, marking a key milestone in defence tech and promoting self-reliant military solutions.

This Small-cap Defence Stock, engaged in providing advanced engineering and technology solutions, including product design, embedded software and hardware, system integration, manufacturing engineering, and aftermarket services, jumped 2 percent after securing a Rs. 7.99 crore order from the Indian Army.

With a market capitalization of Rs. 6,917.13 crores, the share of AXISCADES Technologies Limited has reached an intraday high of Rs. 1,675 per equity share, rising nearly 2.20 percent from its previous day’s close price of Rs. 1,639. Since then, the stock has retreated and is currently trading at Rs. 1,627

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