Shares of AXISCADES Technologies Ltd were trading in the green and 2% on 30 September after the company announced that its wholly owned subsidiary, AXISCADES Aerospace & Technologies, has secured an order from the Indian Army to supply man-portable counter-drone systems (MPCDS).

The contract is one of the first made under emergency purchase procedures during Operation Sindhoor, highlighting the Army’s efforts to bolster frontline protection against unmanned aerial threats.

According to the business, the technology can identify drones from up to 5 kilometres away and block their signals across a broad frequency band.

Despite its extensive features, the unit is meant to be lightweight and portable, making it easy for soldiers to deploy in the field.

The victory highlights the growing need for domestic counter-drone capabilities at a time when India is increasing its investments in advanced warfare technologies.

However, at 12:29 pm, the shares of AXISCADES Technologies shed all their early gains and were trading 2.01% lower at Rs 1,619.90 on NSE.

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