India's Astra Microwave rises after Antique Stockbroking initiates with "Buy"

Astra Microwave Products

25/08/2026 04:51

** Defence equipment maker Astra Microwave Products ASTM.NS shares rise 1.5% to 1,689.3 rupees 
** Antique Stockbroking initiates coverage with a "Buy" rating and TP of 2,000 rupees, a 20.1% upside to the stock's last close
** Says ASTM is well positioned to benefit from the increasing importance of air defence and electronic warfare, supported by its strong order pipeline, deep R&D capabilities and established infrastructure
     ** Brokerage sees strong growth potential, driven by a robust 43 billion rupees ($31.34 million) order book providing ~3.5 years of revenue visibility, and a rising share of complete systems in the revenue mix, supporting margin expansion
** 6 of 8 brokerages rate the stock "Buy" or higher; their median PT is 1,821 rupees - data compiled by LSEG
** YTD, stock up 69.8% 
($1 = 95.7325 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))