Rs 1,580 crore order book: This aerospace & defence multibagger stock hits 52-week high as it receives orders worth Rs 158 crore from DRDO, ISRO and DPSU!

The stock gave multibagger returns of 150 per cent in just 2 years and over 1,000 per cent in a decade.

On Friday, one of the Top Gainers on BSE, shares of Astra Microwave Products Ltd zoomed 7.73 per cent to make a new 52-week high of Rs 398.60 per share from its previous closing of Rs 370. At the closing bell, shares of the company were trading at Rs 376.65 per share, up 1.80 per cent with a spurt in volume by more than 4.08 times on BSE.

Astra Microwave Products Ltd informed that the company has received orders worth Rs 158 crore from DRDO, ISRO and DPSU. Here are the details:

Order No - 1: ISRO’s orders are worth an aggregate amount of Rs 16.8 crore for the supply of Satellite sub-systems and weather data processing systems. The order will be supplied within 12 to 18 months from letter of intent.

Order No -2: DRDO’s orders are worth an aggregate amount of Rs 120.44 crore for the supply of satellite sub-systems and airborne radar. The order will be supplied within 12 to 18 months from letter of intent.

Order No - 3: DPSU’s orders are worth an aggregate amount of Rs 20.8 crore for the supply of radar and EW sub-systems. The order will be supplied within 12 to 18 months from letter of intent.

Astra Microwave Products is involved in the development, design, and manufacture of sub-systems for Radio Frequency and microwave systems used in defence, space, meteorology, and telecommunication. The company has a market capitalization of over Rs 3,500 crore. The company has been maintaining a healthy dividend payout of 29.8 per cent.

The stock gave multibagger returns of 150 per cent in just 2 years and over 1,000 per cent in a decade. Investors should keep an eye on this Small-Cap aerospace & defence stock. 

Disclaimer: The article is for informational purposes only and not investment advice.