AXISCADES soars on plan of acquiring Mistral Solutions for Rs 175 crore

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

07 Nov 2017 Evaluate

Axiscades Engineering Technologies is currently trading at Rs. 136.40, up by 4.40 points or 3.33% from its previous closing of Rs. 132.00 on the BSE.

The scrip opened at Rs. 138.00 and has touched a high and low of Rs. 140.00 and Rs. 133.85 respectively. So far 73060 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 213.65 on 07-Nov-2016 and a 52 week low of Rs. 107.50 on 17-Oct-2017.

Last one week high and low of the scrip stood at Rs. 140.00 and Rs. 124.50 respectively. The current market cap of the company is Rs. 517.31 crore.

The promoters holding in the company stood at 66.06%, while institutions and non-institutions held 0.67% and 33.26% respectively.

AXISCADES Engineering Technologies will acquire Mistral Solutions, a Bengaluru-based specialized embedded technology company, for Rs 175 crore. The acquisition to be completed in a phased manner will add significantly to the company’s embedded practice and Make-in-India opportunities. This acquisition enhances AXISCADES offerings to OEMs, Defence customers and expands its client base.

Mistral specializes in end to end embedded solutions & product engineering catering to Aerospace, Defence, Industrial, Consumer, Wearable, Medical and Semiconductor verticals.

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.

Axiscades Tech. Share Price

1539.35 -0.05 (0.00%)

08-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Hindustan Aeronaut.	4364.00
Bharat Electronics	407.65
DCX Systems	193.80
Astra Microwave Prod	1807.10
Zen Technologies	1818.55
View more..

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