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    Buy Astra Microwave Products, target price Rs 351: Axis Securities

    Synopsis

    Astra Microwave Products Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 2726.10 Crore) operating in Defence sector.

    buy sell
    Promoters held 8.46 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.17 per cent, DIIs 0.16 per cent.
    Axis Securities has buy call on Astra Microwave Products with a target price of Rs 351. The current market price of Astra Microwave Products is Rs 314.8. Time period given by analyst is 4 weeks when Astra Microwave Products Ltd. price can reach defined target.

    Astra Microwave Products Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 2726.10 Crore) operating in Defence sector.

    Astra Microwave Products Ltd. key Products/Revenue Segments include Microwave Components, Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 162.89 Crore, down -32.49 % from last quarter Total Income of Rs 241.28 Crore and up 25.53 % from last year same quarter Total Income of Rs 129.75 Crore. Company reported net profit after tax of Rs 9.09 Crore in latest quarter.

    Investment Rationale
    The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.

    Promoter/FII Holdings
    Promoters held 8.46 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.17 per cent, DIIs 0.16 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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