All-Time High Alert Defence Stock & Rs 1,800 Crore Order Book: Indra Signs Agreement with This Company to Boost Production of Cutting-Edge Systems in India
The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 3,755 per cent in 5 years.
On Friday, multibagger defence stock jumped 4.70 per cent upper circuit to an all-time high of Rs 1,479 per share from its previous closing of Rs 1,412.15 per share.
Indra, a leading European defence, aerospace, and strategic systems company, and AXISCADES, an Indian technology solutions provider in the same sectors, have formed a strategic alliance to bolster the production of cutting-edge defence and aerospace systems in India. This collaboration, formalised through a Memorandum of Understanding signed at the Paris Air Show, will leverage AXISCADES' robust design, development, production, and supply chain capabilities. The agreement focuses on manufacturing several Indra solutions within India, including Distance Measuring Equipment (DME) for in-flight information and countermeasure systems designed to protect aircraft from missile threats like MANPADS.
This partnership not only strengthens Indra's global presence and alliance network but also significantly contributes to enhancing India's defence manufacturing capabilities. Both companies are actively exploring joint product development for both Indian and international markets, potentially adapting existing Indra products or creating new ones tailored to specific customer requirements. Furthermore, they are evaluating collaborations on MPA Airborne Solutions and a dedicated partnership for DRDO CABS MRMR and MMMA programs, underscoring their commitment to long-term cooperation and technological advancement in the Indian defence and aerospace landscape
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About the Company
AXISCADES is a leading technology and product company with over 25 years of experience in the aerospace, defence and ESAI (Electronic Systems and Industrial Automation) sectors. It offers cutting-edge solutions ranging from conceptual design to manufacturing and certification, making it a preferred partner for OEMs (Original Equipment Manufacturers) and Tier 1 suppliers in these industries.
The company has a market cap of over Rs 5,900 crore and as of March 31, 2025, the company’s order book stands at Rs 1,800 crore. The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 3,755 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.