Shares of Astra Microwave Products Ltd rose 3.5% to touch a day’s high of Rs 986.45 on 6th August after the firm announced it had secured an order worth Rs 135 crore from DRDO for the upgradation of a ground-based radar system. The order, awarded by a domestic entity, is scheduled for delivery within 18 months.

“This is to inform you that Astra Microwave Products Ltd has received an order worth Rs 135 crore, inclusive of taxes. The order is for the upgradation of a ground-based radar system from DRDO. It is to be delivered within 18 months,” the defence firm said.

Astra Microwave Products specialises in the design, development, manufacture, and supply of high-value RF and microwave components. These components are sub-systems and systems used in Defence, Space, Telecom, Meteorology, and Civil communication applications.

The company’s market cap has now risen to Rs 9,214 crore. The multibagger stock has delivered a 171% gain over the past two years. Additionally, it surged 255% over the past three years.

At 11:30 AM, the shares of Astra Microwave were trading 3.36% higher at Rs 980.75 on NSE.

Curious About Astra Microwave? Ask the Analyst.

Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!