Shares of Axiscades Technologies surged over 2% to ₹1,445 in Friday’s session, extending their winning streak for the sixth consecutive day. The stock hit a new 52-week high of ₹1,479 earlier in the day after the company announced the signing of a strategic Memorandum of Understanding (MoU) with Aldoria, a European leader in Space Surveillance and Situational Awareness (SSA).
According to the company’s official statement, the partnership aims to bolster India’s space safety, security, and sovereignty through advanced SSA solutions. “Both organizations will evaluate opportunities for high-level data and system alignment to provide cutting-edge SSA solutions that contribute to India’s space safety,” the release said.
The collaboration is also expected to include joint development of scalable, end-to-end software and system integration concepts. The companies have reportedly been in discussion with ISRO and ISTRAC for the past five months, following which they chose to formalize this partnership to address India’s evolving space needs.
The market responded positively to this development, with Axiscades’ stock not only hitting its record high but also emerging as a top gainer on the NSE for the day.
