India's AXISCADES Technologies gains after plan to expand cooperation with MBDA

Axiscades Technologies

19/06/2025 08:41

** Shares of AXISCADES Technologies AXIT.NS rise 2.9% to 1,380.30 rupees

** AXIT to expand on-going cooperation with Europe-based missiles maker MBDA

** AXISCADES to set up a new facility for work executed for MBDA at its new premises coming up at Aerospace Park in Bengaluru

** Premises to host a test bench laboratory, missile launcher set-up, equipment, instruments, stores, and tools

** Stock set to gain for fifth straight session

** Trading vols at 316,546 shares, over 2x the 30-day average

** AXIT more than doubled YTD

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))