India's Astra Microwave Products climbs on $26.9 million HAL order via JV

Hindustan Aeronautics

02/04/2026 08:05

** Shares of India's Astra Microwave Products ASTM.NS rise 3.08% to 925 rupees

** Company says joint venture company Astra Rafael Comsys Private Limited wins an order from Hindustan Aeronautics Ltd HIAE.NS worth 2.51 billion rupees ($26.93 million)

** Order is for supply of software defined radio for HAL, Bengaluru

** Trading vols at 427,059 shares vs 30-day-avg of 415,496 shares

** Stock rated "buy" on average by six analysts, median PT at 1,230.50 rupees, according to data compiled by LSEG

** YTD, stock down 8.6%

($1 = 93.1980 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

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