India's Astra Microwave Products climbs to record high on Q4 profit jump

Astra Microwave Products

27/05/2024 07:28

** Shares of Astra Microwave Products  ASTM.NS  up as much
as 14.3% to a record high of 914.65 rupees 
    ** The electronic components maker reported an over fourfold
jump in its March-quarter consolidated net profit to 544 mln
rupees ($6.6 mln)
    ** Co's revenue from operations u 37% Y/Y 
    ** Co also recommended a dividend of 2 rupees per share 
    ** More than 5.8 mln shares change hands, 12.3x the 30-day
average 
    ** Stock sees its busiest day yet since Oct 2023, and on
track for a second straight session of gains, if current trend
holds
    ** Including session's gains, ASTM stock has climbed 46% YTD

   ($1 = 83.0720 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))