AXISCADES Engineering Technologies Ltd fell 4.82% today to trade at Rs 59.25. The S&P BSE IT Sector index is down 0.51% to quote at 15188.33. The index is up 0.59 % over last one month. Among the other constituents of the index, Intrasoft Technologies Ltd decreased 4.78% and Subex Ltd lost 1.85% on the day. The S&P BSE IT Sector index went up 25 % over last one year compared to the 16.56% surge in benchmark SENSEX.

AXISCADES Engineering Technologies Ltd has added 1.54% over last one month compared to 0.59% gain in S&P BSE IT Sector index and 7.6% rise in the SENSEX. On the BSE, 2 shares were traded in the counter so far compared with average daily volumes of 12151 shares in the past one month. The stock hit a record high of Rs 187 on 30 Apr 2018. The stock hit a 52-week low of Rs 51 on 07 Feb 2019.

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Net loss of AXISCADES Engineering Technologies reported to Rs 0.61 crore in the quarter ended December 2018 as against net profit of Rs 3.69 crore during the previous quarter ended December 2017. Sales rose 10.54% to Rs 159.35 crore in the quarter ended December 2018 as against Rs 144.15 crore during the previous quarter ended December 2017.

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AXISCADES Engg. Techs. will hold a meeting of the Board of Directors of the Company on 2 February 2019.

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The Board of AXISCADES Engineering Technologies has taken note of resignation of Mritunjay Singh, current CEO and Executive Director (Key Managerial Personnel) with immediate effect. The Board approved the appointment of Sharadhi Chandra Babu (DIN No. 02809502) currently Chief Operating officer of wholly owned subsidiary AXISCADES Aerospace & Technologies as additional director in the capacity of the Acting Chief Executive Officer (CEO) and Executive Director of the Company with effect from 21 January 2019 for the interim. The shall be an additional charge to his current responsibilities.

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