Axiscades Eng takes off

Axiscades Engineering Technology had some good news to share.

For the third time, Airbus has selected the company to work on fuselage, product development and customer support services across locations.

This contract for critical engineering services has been won against stiff global competition.

Axiscades did not disclose the contract value.

Unmindful of not knowing the financial aspects of the order, the stock price soared today, notching up volumes of almost 5 times. The price rose 16% to Rs.63.90, not too far from its 20% UC of Rs.66.15. Its 52-week high is at Rs.91.80.