AXISCADES Engineering zooms 9% after winning contract from Airbus

India Infoline News Service | Mumbai | December 02, 2016 17:05 IST

Airbus has signed a strategic agreement with QuEST Global and AXISCADES to provide a range of critical engineering services for all Airbus aircraft programmes as tier-1 suppliers.

AXISCADES Engineering Technologies Ltd ended at Rs 194.1, up by Rs 16.25 or 9.14% from its previous closing of Rs 177.85 on the BSE.

The scrip opened at Rs 184 and touched a high and low of Rs 205 and Rs 182.3 respectively. A total of 2232425(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 483.57 crore.

Airbus has signed a strategic agreement with QuEST Global and AXISCADES to provide a range of critical engineering services for all Airbus aircraft programmes as tier-1 suppliers. QuEST will provide services for the Wing and AXISCADES for the Fuselage.

The BSE group 'B' stock of face value Rs 5 touched a 52 week high of Rs 352.9 on 02-Dec-2015 and a 52 week low of Rs 133.5 on 22-Nov-2016. Last one week high and low of the scrip stood at Rs 177.85 and Rs 145.95 respectively.

The promoters holding in the company stood at 59.12 % while Institutions and Non-Institutions held 2.38 % and 38.5 % respectively.

The stock traded below its 200 DMA.

***Note: This is a NSE Chart

 

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