Astra Microwave Shares Jump Over 4% After ₹135 Cr DRDO Radar Upgrade Deal

Hyderabad, August 6, 2025: Shares of Astra Microwave Products Ltd (NSE: ASTRAMICRO) saw a 4.59% increase on Wednesday, as of 3:30 PM, climbing to ₹992.50. This surge in price came after the company announced it had secured a new ₹135 crore order from the Defence Research and Development Organisation (DRDO). The contract, which involves upgrading a ground-based radar system, is seen as a key positive development for the company’s medium-term growth.

The stock opened at ₹975.00 and reached an intraday high of ₹995.05, reflecting strong bullish sentiment among investors.

Astra Microwave Products Ltd. is a key player in the Aerospace & Defence industry, providing RF and microwave subsystems for a range of defence and space applications. Headquartered in Hyderabad, the company is listed on the NSE under the ticker ASTRAMICRO.

In the quarter ending March 2025, Astra Microwave Products Ltd. reported net sales of ₹407.85 crore. The company’s profit before tax stood at ₹88.13 crore, while the profit after tax was ₹73.49 crore. The EPS of the stock is 7.91.

Stock Performance Summary

The stock is currently trading within a volatile range, having previously hit a 52-week high of ₹1,195.90 on June 5, 2025, and a low of ₹584.20 on March 3, 2025. The company is a constituent of the NIFTY MICROCAP 250 index and operates in the Aerospace & Defence segment.

The current P/E ratio is 62.50, showing strong investor expectations

Insights For Investors

Stock Jumps on New ₹135 Cr DRDO Deal

• Astra Microwave shares rose 4.59% after announcing a ₹135 crore radar upgrade contract from DRDO.
• This deal is expected to support the company’s medium-term growth and strengthen its defence portfolio.

Strong Market Opening Reflects Investor Confidence

• The stock opened at ₹975.00 and touched a high of ₹995.05 during the day
• This shows strong buying interest after the news of the contract.

Key Player in Defence Sector

• Astra Microwave makes radar and microwave systems for defence and space use.
• It has major R&D and manufacturing units in Telangana and Karnataka.

REF: https://nsearchives.nseindia.com/corporate/ASTRAMICRO_05082025184529_AstrabaggingLet_S.pdf

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