Astra Microwave Share Price Soars by Over 14%
On Thursday, Astra Microwave’s share price surged by over 14% to reach ₹621.95. This significant increase came after the company received orders worth ₹385.6 crore from Bharat Electronics Limited. Astra Microwave’s 52-week high is ₹690, while its 52-week low is ₹217.85.
Order from Bharat Electronics Limited
Astra Microwave, a provider of wireless technology, announced that it has received orders worth ₹385.6 crore from Bharat Electronics Limited. The company aims to supply medium power radar sub-systems as part of this order. Astra Microwave stated that it will fulfill the order within 36 months.
Company’s Growth in Recent Years
Over the past four years, Astra Microwave’s share price has shown significant growth. The company’s shares have increased by almost 1,000% in the last four years. The share price was ₹55.55 on April 3, 2020, and has now reached ₹621.95 as of March 30, 2024.
During the past year, the defense company’s share price has seen a 175% increase, reaching ₹620 from ₹221.65. In the last six months alone, the share price has grown by over 40%. Over the past three years, Astra Microwave’s shares have increased by more than 350%.
With a strong order book and consistent growth, Astra Microwave continues to be a promising player in the aerospace and defense industry.
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