{"id":111243,"date":"2023-10-05T15:27:04","date_gmt":"2023-10-05T09:57:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111243"},"modified":"2023-10-05T15:27:09","modified_gmt":"2023-10-05T09:57:09","slug":"smallcap-stock-hits-5-upper-circuit-after-companys-board-appoints-new-chairman","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-hits-5-upper-circuit-after-companys-board-appoints-new-chairman\/","title":{"rendered":"Smallcap stock hits 5% upper circuit after company&#8217;s board appoints new chairman"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2158935669\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Thursday this stock hit 5% upper circuit after the company appointed Mr Abidali Neemuchwala as a Chairman.The company&#8217;s market capitalization is Rs. 2,009 Cr making it a small-cap company and the stock is trading 16.7% away from the 52-week high.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2123052810\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h4 class=\"wp-block-heading\" id=\"h-axiscades-technologies-limited\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AXISCADES\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Axiscades Technologies Limited<\/a><\/strong><\/h4><p>According to the company filing, Axiscades Technologies Limited appointed Mr. Abidali Neemuchwala as Chairman and Non-Executive director. This decision was considered and approved during the Board of Directors meeting held on October 04, 2023.&nbsp;<\/p><h4 class=\"wp-block-heading\">About Mr. Abidali Neemuchwala&nbsp;<\/h4><p>Mr. Neemuchwala started his journey with Tata Consultancy Services in 1992. He played a pivotal role in role in conceptualizing and scaling a new business, including the acquisition of Citi\u2019s eServe captive, leading to the scale of TCS\u2019s Digital operation business.<\/p><p>He joined Wipro in 2015 and was subsequently named CEO and Managing Director, with a responsibility to pivot the firm to its digital future. Wipro&#8217;s digital business increased to 40% of total sales during his tenure at a 35% CAGR.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2735756668\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The stock has delivered 200% returns in one year, therefore making an investment of 1 lakh one year ago now would be worth Rs. 3 lakhs.<\/p><p>As per the company filing, total revenues grew by 15.7% from Rs. 186.91 Cr in Q1 FY23 to Rs. 216.33 Cr in Q1 FY24 and the company reported a net profit of Rs. 5.7 Cr against a loss of 31.68 Cr.<\/p><p>As per the latest shareholding information, promoters hold 66.18% and public hold 33.74% stake in the company.&nbsp;<\/p><p>AXISCADES Technologies Ltd provides Engineering Design Services. It operating segments include Engineering Design Services and Strategic Technology Solutions. The company has subsidiaries in the United States, the United Kingdom, Canada, Germany, India, and China, as well as offices in Germany, France, Denmark, the United States, and Canada.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sheshadri N<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3210928275\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Thursday this stock hit 5% upper circuit after the company appointed Mr Abidali Neemuchwala as a Chairman.The company&#8217;s market capitalization is Rs. 2,009 Cr making it a small-cap company and the stock is trading 16.7% away from the 52-week high. Axiscades Technologies Limited According to the company filing, Axiscades Technologies Limited appointed Mr. Abidali [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9586,12857,9585,948,936,12858],"class_list":["post-111243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-axiscades-technologies-latest-news","tag-axiscades-technologies-new-chairman","tag-axiscades-technologies-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-axiscades-technologies-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smallcap stock hits 5% upper circuit after company&#039;s board appoints new chairman - 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