India's Astra Microwave hits record high on getting orders worth $19 mln

Astra Microwave Products

25/08/2023 06:08

** Shares of electronic components maker Astra Microwave
Products  ASTM.NS  surge as much as 7.9% to hit a record high of
398.40 rupees     
    ** Co says got orders worth 1.58 billion rupees ($19.12
million) for supply of satellite sub-systems, airborne radar,
sub-systems of radar and electronic warfare projects 
    ** ASTM says order from Defence Research and Development
Organisation, Indian Space Research Organisation and defence's
public sector undertakings         
    ** Stock most active since April 26 as more than 3.1 mln
shares trade by 10:28 a.m. IST, 4.9 times their 30-day moving
avg
    ** Including Friday's gains, stock up 37.7% YTD

($1 = 82.6490 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))