India's Astra Microwave Products falls on Q2 profit drop

Astra Microwave Products

13/11/2024 08:01

** Shares of Astra Microwave Products  ASTM.NS  fall 3.7% to
753.55 rupees
    ** Electronic equipment maker reports a 15% drop in Q2
consol net profit, hurt by higher expenses
    ** Rev from ops rose about 21%
    ** 4 analysts' avg rating is "buy", same as for Bharat
Electronics  BAJE.NS ; median PT 935 rupees - LSEG data
    ** Stock up ~25% so far this year vs a ~54% jump in BAJE

($1 = 84.4025 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))