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Axiscades hit the upper circuit after signing a deal with European defence giant Indra.
The stock rose 5% on the back of this news, marking its second straight day of being locked at the upper circuit, and is now up 92% year to date.
The company provides design-to-delivery solutions for aerospace and defence clients, with a strong focus on indigenous manufacturing.
The deets: Axiscades signed a Memorandum of Understanding (MoU) with Spain-based Indra, under which Indra will source key defence equipment from Axiscades’ India facility, this includes antennas, TACAN systems, and countermeasure units designed to protect aircraft from guided missile attacks.
The two firms are also exploring joint product development for India and global markets, and deeper partnerships in airborne defence systems.
Why it matters: the deal puts Axiscades at the center of India’s growing defence manufacturing ambitions, while giving it access to proven European tech and long-term contracts, a potent combo for future growth.
