India's Astra Microwave gains after joint venture wins 2.6 bln rupees order

Astra Microwave Products

13/12/2024 08:07

** Shares of Astra Microwave Products  ASTM.NS  rise 5.7% to
861 rupees, their highest since Oct. 14
    ** Electronic equipment maker's JV co Astra Rafael Comsys
wins 2.56 billion rupees ($30.18 million) order from the
ministry of defence for the supply of software defined radios
    ** ASTM sees busiest day in over 2 months, with over 650,000
shares traded
    ** Stock up 38% YTD, vs a 69% jump in peer Bharat
Electronics  BAJE.NS  


($1 = 84.8200 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))