Astra Microwave products shares zoomed 6.5 per cent on NSE (National Stock Exchange), after the company's JV secured a Rs 255.88 crore order from Ministry of Defense.
The shares of Astra Microwave produts surged more than 6.5 per cent on NSE (National Stock Exchange), touching day high level of Rs 868.95 per share on the bourses, after hitting the opening bell at Rs 811.05 per share.
Astra microwave products shares were trading around Rs 833.00 per share on the Indian exchanges surging more 2 per cent amounting to a Rs 17.40 per share on the bourses.
Order details
Purchases of 93 more sets of Software Defined Radios (SDR) LRUs with Akits, SBC2 cards, and a Network Centric Operations application for the Indian Air Force's Su-30MKI fighter aircraft are part of the Dec 13 order.
The injunction will be carried out within 24 months, per the company's filing. For Astra Micro and its joint venture, this transaction is regarded as a major turning point that strengthens its position in the defence technology market.
Details of the contracted parts
With a particular emphasis on modernising vital communication systems for the Indian Air Force's fleet of Su-30 MKI aircraft, the order, which is fully domestic, emphasises ongoing investment in modernising India's defence capabilities.
With a focus on designing, developing, and producing sub-systems for radio frequency and microwave systems, Astra Microwave Products Ltd. serves industries including telecommunications, space, defence, and meteorology.
Astra Microwave Products stock performance
In the past 12 months, it has increased by 36.5 per cent. The day's total trading volume was 5.24 times the 30-day average. The indicator of relative strength was 60.6.
