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Sanjay Ahuja

26th Feb · SEBI-Registered Analyst

AXISCADES TECHNOLOGIES BAGS Rs 25 CRORE ORDER FROM HINDUSTAN AERONAUTICS

AXISCADES
, a chip-to-product company based in Bangalore, and a pioneer in Aerospace, Defence, Electronics, Semiconductor, and Artificial Intelligence (ESAI), has announced a significant victory in its Defence division through its subsidiary, Mistral Solutions Pvt. Ltd. Mistral Solutions, renowned for its high-performance embedded systems and defence electronics, has received an order worth approximately Rs 25 crore under the LCA Mk1A programme from
HAL
. With a market cap of Rs 6,292 crore, the company's stock price has doubled in the past one year, reaching from Rs 750 per share to Rs 1500 per share. Moreover, the company has delivered a strong profit growth of 49% CAGR over the past 3 years, making it a strong investment opportunity for the long term.

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