Shares of Axiscades Technologies surged nearly 5% in early trade on Monday, February 9, after the company announced that its subsidiary has secured a defence supply order worth around Rs 80 crore from Hindustan Aeronautics.
Axiscades Technologies informed exchanges that its subsidiary, Mistral Solutions Private Limited, has received an order for the supply of Mission Computers and Smart Display Units, to be executed over multiple years. The contract has been awarded by a domestic entity and does not fall under related-party transactions.
Following the announcement, Axiscades shares climbed as much as 4.99% to Rs 1,179.60 on the NSE, compared with the previous close of Rs 1,123.50. The stock traded within a day’s range of Rs 1,137.80–Rs 1,179.60, with market capitalisation standing at around Rs 50.15 billion.
According to the regulatory filing, the order size is estimated at around Rs 80 crore, and the company confirmed that neither the promoter nor promoter group has any interest in the entity awarding the contract. The deal is expected to be executed across multiple years, providing medium-term revenue visibility.
Investor sentiment was boosted as the order strengthens Axiscades’ presence in the defence and aerospace electronics segment, where mission-critical computing and display systems form a key part of modern military platforms. The stock’s sharp move reflects positive market reaction to the order win and its long-tenure execution profile.
