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AXISCADES trades jubilantly on inking MoU with Assystem Energy

Axiscades Technologies Ltd. | Defence | Capital Goods & Industrial Consumables | BSE: 532395 | NSE: AXISCADES

02 Jun 2017 Evaluate

Axiscades Engineering Technologies is currently trading at Rs. 139.65, up by 8.50 points or 6.48% from its previous closing of Rs. 131.15 on the BSE.

The scrip opened at Rs. 135.00 and has touched a high and low of Rs. 144.50 and Rs. 134.70 respectively. So far 39120 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 289.90 on 08-Jun-2016 and a 52 week low of Rs. 126.95 on 31-May-2017.

Last one week high and low of the scrip stood at Rs. 147.65 and Rs. 126.95 respectively. The current market cap of the company is Rs. 527.31 crore.

The promoters holding in the company stood at 66.06%, while institutions and non-institutions held 1.77% and 32.17% respectively.

AXISCADES Engineering Technologies has inked a Memorandum of Understanding (MoU) with Assystem Energy & Infrastructure to form a joint venture (JV) Company in India. This JV Company will undertake engineering services for the energy sector business for Indian and global utilities and contractors; mutually agreed in accordance with the provisions of the final agreement.

This JV combines the strength of both the companies to address the needs of the industry’s leading Energy Majors across the globe, such as the design of new power stations. It will create competitive solutions, meeting global outsourcing requirements. It is also aimed at addressing the nuclear programs in India.

This JV company is modeled around the successful partnership formed by AXISCADES and Assystem, addressing some of Airbus Group’s requirements. The JV plans to employ over 500 talented engineers in the next three years.

AXISCADES Engineering Technologies is engaged in the business of rendering engineering design services and is also into Software Development. Axis IT&T EDS unit offers such services as product design, design support and design validation. The Software Development Services comprise of providing interactive voice response applications.

Axiscades Tech. Share Price

1882.85 86.40 (4.81%)

17-Apr-2026 16:59 View Price Chart

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AXISCADES trades jubilantly on inking MoU with Assystem Energy

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