Axiscades Engineering Technologies is currently trading at Rs. 154.30, up by 2.65 points or 1.75% from its previous closing of Rs. 151.65 on the BSE.
The scrip opened at Rs. 156.20 and has touched a high and low of Rs. 156.80 and Rs. 153.05 respectively. So far 6443 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 305.50 on 22-Apr-2016 and a 52 week low of Rs. 133.50 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 167.00 and Rs. 150.00 respectively. The current market cap of the company is Rs. 583.01 crore.
The promoters holding in the company stood at 70.56%, while institutions and non-institutions held 1.72% and 27.72% respectively.
AXISCADES Engineering Technologies (ACETL) has received an approval for making further investment in its wholly owned subsidiaries (WOS). The board of director at its meeting held on March 21, 2017 has approved for the same. The company has received approval to increase the equity of AXISCADES GmbH by euro 125,000 in one or more tranches and to invest Rs 15 crore in AXISCADES Aerospace & Technologies.
AXISCADES Engineering Technologies is engaged in the business of rendering engineering design services and is also into Software Development. Axis IT&T EDS unit offers such services as product design, design support and design validation. The Software Development Services comprise of providing interactive voice response applications.