India's Astra Microwave Products gains on DRDO order

Astra Microwave Products

06/08/2025 06:23

** Shares of Astra Microwave Products ASTM.NS rise 3.1% to 979 rupees

** Electronic equipment maker receives 1.35 bln rupees  ($15.38 mln) order from Defence Research and Development Organisation (DRDO) for ground-based radar system upgrade

** ASTM rated "buy" by four analysts on average; median target price is 1,204 rupees – data compiled by LSEG

** Stock up 27% YTD

($1 = 87.7650 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))