The stock of Axiscades Technologies surged 5% after its subsidiary, Mistral Solutions, announced a strategic alliance with Altera (an Intel Company) to revolutionise high-performance computing in aerospace and defence.
The announcement, made at an exclusive event in Bengaluru, has sparked investor optimism over Axiscades’ expanding role in India’s defence technology sector.
Mistral and Altera’s collaboration aims to integrate Altera Agilex 9 Direct RF FPGA technology into next-gen defence applications, including electronic warfare (EW), radar, and signal intelligence (SIGINT), the company said in a press release on the stock exchanges.
This cutting-edge innovation promises real-time data processing and ultra-low latency communication, critical for mission-focused defence operations.
At the Bengaluru event, Mistral also launched its SOSA-Aligned 3U VPX Processing Engines, powered by Altera’s FPGA technology. These rugged processing cards, designed for high-speed, mission-critical environments, are set to transform defence, aerospace, and communication infrastructure.
Axiscades, known for its deep ties with DRDO, ISRO, HAL, and BEL, is expanding its footprint in high-tech defence computing. With a robust technology roadmap, including AI-powered telemetry systems, anti-drone solutions, and radar technologies, Axiscades is well-positioned for future growth.
Axiscades Technologies share price surged 4.99% to reach ₹780 at 2:40 PM on the NSE. The stock opened at ₹739.30 and hit an intraday low of ₹739 before climbing to its high of ₹780.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 6, 2025, 2:44 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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