New Delhi, July 30 -- Axiscades Technologies share price was locked in the 5% upper circuit at Rs.1,296.85 apiece on the BSE on Wednesday, snapping a four-day losing streak. The sharp rebound in the small-cap defence stock came after the company announced the receipt of significant defence orders.

Axiscades Technologies said it has secured significant new orders, across airborne, naval, and radar-based platforms from premier Defence laboratories in India.

The orders involve development and supply of advanced sub-systems for some of the most sophisticated indigenous platforms being developed by leading Defence agencies like DRDOs and Defence PSUs.

The orders include VIRUPAKSHA (AESA) radar for Su-30 MKI upgrade, Transmit-Receive (TR) mo...