India's Astra Microwave Products soars on Teledyne agreement

Astra Microwave Products

10/05/2024 10:05

** Shares of Astra Microwave Products Ltd  ASTM.NS  rise as
much as 10.1% to 699 rupees
    ** Co says it entered into collaboration agreement with
Teledyne e2v HiRel Electronics to provide semiconductor services
to support aerospace, defense, and high reliability electronics
markets
    ** Stock on track to snap 9 days of losses
    ** Stock trading above its 200-day simple moving avg since
April 2023
    ** More than 923,000 shares traded as of 2:32 p.m. IST, 2.3x
their 30-day moving avg
    ** ASTM last up 8.7%, adding to YTD gains of ~14.4%

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))