Ever looked at your portfolio and wondered where that old tech stock went? If you're hunting for the Axis IT&T share price, you've probably noticed it's not exactly popping up under that name anymore.
Basically, the company underwent a major identity shift. It’s now trading as AXISCADES Technologies Ltd (NSE: AXISCADES).
Honestly, the name change wasn't just a fresh coat of paint. It signaled a move away from pure IT services into the heavy-hitting worlds of aerospace and defense. As of mid-January 2026, the stock is showing some serious volatility, reflecting a company that’s trying to scale massively while navigating the choppy waters of the Indian small-cap market.
The Reality of the AXISCADES Share Price Today
Let’s talk numbers. As of January 16, 2026, AXISCADES closed at approximately ₹1,281.20 on the NSE.
It was a rough day. The stock took a 2.49% hit from its previous close of ₹1,309.40. If you were watching the ticker live, you saw it swing between a high of ₹1,341.90 and a low of ₹1,276.00. That’s a fairly wide intraday spread, which is pretty typical for this stock lately.
Investors are currently looking at a 52-week range that would give anyone whiplash.
The high? A towering ₹1,779.20.
The low? A modest ₹630.00.
You've got a stock that has more than doubled in a year but is currently sitting nearly 30% off its peaks. It's a classic case of high-growth expectations meeting a "wait and see" market sentiment.
Why the Price is Moving Like This
A few big things are happening behind the scenes. First, there's the Power 930 initiative. This isn't just a fancy name; it's a roadmap to hit ₹9,000 crores in revenue by 2030. Management is basically betting the house on defense and aerospace. They are aiming for 40% annual growth in their core segments over the next couple of years.
Then you have the recent news about Jupiter Capital. On December 31, 2025, they pledged 1.4 lakh shares to Aditya Birla Capital while releasing 60,000 shares from a Tata Capital pledge. When promoters move shares around like this, the market tends to get twitchy. Currently, about 9.17% of the company's share capital is encumbered.
Is that a deal-breaker? Not necessarily. But it adds a layer of complexity to the price action.
Fundamentals: Is it Overvalued or Just Early?
If you're a value investor, the current P/E ratio of 63.6 might make you sweat. It's high. Compare that to the broader industry average, and you’ll see people are paying a premium for future growth, not current earnings.
- Market Cap: Around ₹5,433 Crores.
- Earnings Per Share (TTM): Roughly ₹21.03.
- Return on Equity (ROE): 12.7%.
- Book Value: ₹163 per share.
The company is currently trading at nearly 8 times its book value. That's pricey. However, the recent Q2 FY26 results were actually quite strong. Revenue hit ₹299 crore (up 13% YoY) and net profit jumped a massive 89% to ₹23 crore.
When profits grow faster than revenue, it usually means the company is getting more efficient or moving into higher-margin products. In this case, it's their shift toward "solutions and products" rather than just providing man-hours for engineering services.
The Defense Moat
What most people get wrong about the old Axis IT&T is thinking it's still just a software firm.
It isn't.
They are deep into:
- Anti-drone systems: They recently landed a contract with the Indian Army for man-portable counter-drone systems.
- Missile facilities: They are building a new facility in Hyderabad specifically for missile development.
- Aerospace: They've been a long-term partner for giants like Airbus and Boeing.
This "Make in India" tailwind is a huge part of why the stock stayed resilient while other mid-cap tech firms stumbled. If the Indian government keeps pushing for indigenous defense production, AXISCADES is positioned right in the sweet spot.
Technical Indicators: What the Charts Say
For the folks who love a good chart, the current trend is technically "bearish" in the short term. The stock is trading below its 50-day and 100-day moving averages.
The Relative Strength Index (RSI) is hovering around 42. It's not "oversold" yet (which usually happens below 30), but it's definitely not "overbought" (above 70). It's in this weird middle ground where it could drift lower before finding solid support.
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Watch the 200-day Moving Average, which is currently sitting around ₹1,273–₹1,288. The stock is flirting with this level right now. If it breaks decisively below this, we might see more selling. If it holds, it could be the "floor" investors have been looking for.
Actionable Insights for Investors
If you are holding shares of the former Axis IT&T or considering a fresh entry into AXISCADES, keep these points in mind:
- Watch the Pledges: Keep an eye on disclosures from Jupiter Capital. Any significant increase in pledged shares can be a red flag for liquidity.
- Monitor Contract Wins: The stock moves on news. Large orders from the Ministry of Defence or new aerospace partnerships are the primary catalysts for price jumps.
- Q3 Results: The upcoming quarterly report will be crucial. Investors want to see if that 89% profit growth was a one-off or a sustainable trend.
- SIP Approach: Given the high volatility and the wide 52-week range, a lump-sum investment at these levels is risky. Many experts suggest a staggered entry to average out the cost.
The transition from a service-centric model to a product-driven defense player is a long game. The company has a roadmap to 2030, which means the AXISCADES share price today is likely to look very different by the time their new manufacturing facilities in Telangana and Devanahalli are fully operational.
Next Steps:
- Check your brokerage app to ensure you're tracking AXISCADES instead of the obsolete Axis IT&T ticker.
- Review the company's latest Investor Presentation specifically for the "Power 930" initiative details.
- Set a price alert near the ₹1,250 mark to monitor if the 200-day support level holds or breaks.