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Axiscades Technologies soars on getting nod to acquire balance 24% stake in CSTI

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

17 Mar 2026 Evaluate

Axiscades Technologies is currently trading at Rs. 1366.00, up by 44.90 points or 3.40% from its previous closing of Rs. 1321.10 on the BSE.

The scrip opened at Rs. 1328.00 and has touched a high and low of Rs. 1370.00 and Rs. 1321.00 respectively. So far 1688 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1778.55 on 23-Sep-2025 and a 52 week low of Rs. 725.00 on 11-Apr-2025.

Last one week high and low of the scrip stood at Rs. 1525.00 and Rs. 1251.20 respectively. The current market cap of the company is Rs. 5729.43 crore.

The promoters holding in the company stood at 58.05%, while Institutions and Non-Institutions held 2.39% and 39.56% respectively.

Axiscades Technologies has received approval from Board of Directors for acquisition of the balance 24% stake, comprising 1,50,000 equity shares, in Cades Studec Technologies India (CSTI) from STUDEC SAS France and execution of definitive agreements in this regard. Upon completion of the said acquisition in accordance with terms of the proposed agreement, CSTI will become a wholly owned subsidiary of the Company, owning 100% of the share capital of the Company.

The proposed transaction is expected to be completed by June 2026, subject to completion of conditions precedent and pre-closing actions.

The Board of Directors in its meeting held on March 16, 2026, has approved the same.

Axiscades Technologies is a holistic technology and engineering solutions provider, with a footprint across the entire product lifecycle management needs of global OEMs and core engineering firms.

Axiscades Tech. Share Price

1687.85 -28.25 (-1.65%)

10-Apr-2026 16:59 View Price Chart

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Axiscades Technologies soars on getting nod to acquire balance 24% stake in CSTI

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