Meanwhile, the BSE Sensex was down 194.40 points, or 0.73%, to 26,365.52.
On the BSE, so far 3.68 lakh shares were traded in the counter, compared with average daily volumes of 54,793 shares in the past one quarter. The stock had hit a high of Rs 204.60 and a low of Rs 182.30 so far during the day.
The stock hit a 52-week high of Rs 349 on 3 December 2015. The stock hit a 52-week low of Rs 133.50 on 22 November 2016. The stock had underperformed the market over the past 30 days till 1 December 2016, falling 18% compared with the 3.51% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 17.07% as against Sensex's 6.91% decline.
The small-cap company has equity capital of Rs 13.59 crore. Face value per share is Rs 5.
AXISCADES Engineering Technologies has signed a strategic agreement with Airbus to provide a range of critical engineering services for all Airbus aircraft programmes as Tier-I supplier. The services will be provided from a dedicated development centre in Bengaluru.
On a consolidated basis, net profit of AXISCADES Engineering Technologies declined 53.01% to Rs 3.43 crore on 0.64% decline in net sales to Rs 93.55 crore in Q2 September 2016 over Q2 September 2015.
AXISCADES Engineering Technologies is a focused hi-technology solutions company catering to the futuristic needs of aerospace & defense, heavy engineering, automotive and industrial product sectors.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)