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Astra Microwave trades jubilantly on incorporating WOS in Singapore

09 Apr 2015 Evaluate

Astra Microwave Products is currently trading at Rs. 160.15, up by 13.80 points or 9.43% from its previous closing of Rs. 146.35 on the BSE.

The scrip opened at Rs. 148.80 and has touched a high and low of Rs. 163.25 and Rs. 148.80 respectively. So far 168297 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 165.90 on 19-Feb-2015 and a 52 week low of Rs. 53.70 on 28-Apr-2014.

Last one week high and low of the scrip stood at Rs. 163.25 and Rs. 144.10 respectively. The current market cap of the company is Rs. 1197.51 crore.

The promoters holding in the company stood at 17.99% while Institutions and Non-Institutions held 25.49% and 56.52% respectively.

Astra Microwave Products has incorporated a wholly owned subsidiary (WOS) company in the name of ‘Aelius Semiconductors’, Singapore with effect from April 08, 2015 to carry on the business in the areas of high end microwave integrated chip business and related areas.

Astra Microwave Products is engaged in designing and manufacturing of radio frequency (RF) and microwave super components and sub-systems that are used in areas of defence, space and civil communication systems.

Peers
Company Name CMP
Hindustan Aeronaut. 4898.75
Bharat Electronics 405.50
Aequs 226.05
Astra Microwave Prod 1677.95
DCX Systems 166.95
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