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Axis-IT&T trades higher as its arm enters into share subscription agreement

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

05 Jun 2013 Evaluate

Axis-IT&T is currently trading at Rs. 48.45, up by 0.75 points or 1.57% from its previous closing of Rs. 47.70 on the BSE.

The scrip opened at Rs. 49.80 and has touched a high and low of Rs. 49.90 and Rs. 46.50 respectively. So far 1941 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 108.90 on 22-Aug-2012 and a 52 week low of Rs. 37.00 on 08-Apr-2013.

Last one week high and low of the scrip stood at Rs. 49.90 and Rs. 45.00 respectively. The current market cap of the company is Rs. 94.41 crore.

The promoters holding in the company stood at 60.83% while Non-Institutions held 39.17% stake in the company.

Axis-IT&T’s subsidiary - Cades Digitech (CADES), a leading Indian Engineering Design Services and Technology provider has entered into a share subscription agreement and a shareholders agreement with STUDEC Technologies (India) and STUDEC. STUDEC Technologies (India) is a company incorporated under the Indian Companies Act, 1956 based in Bangalore while STUDEC is a company incorporated under the laws of France and the holding company of STUDEC Technologies (India).

Pursuant to the signing of the aforesaid agreements, CADES will hold 76% of the equity share capital of STUDEC Technologies (India) and STUDEC Technologies (India) will become a step down subsidiary of AXIS-IT&T.

Axis-IT&T, formerly known as Axis Inc, offers comprehensive engineering services in mechanical, manufacturing and embedded electronics engineering. The company's clients include several Fortune 50 companies in the aerospace, aviation, automotive, manufacturing, military, semiconductor and medical industries.

Axiscades Tech. Share Price

1882.85 86.40 (4.81%)

17-Apr-2026 16:59 View Price Chart

Peers

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Hindustan Aeron	4387.10
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DCX Systems	194.75
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Zen Technologies	1614.35
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Axis-IT&T trades higher as its arm enters into share subscription agreement

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