Defense Stock: Astra Microwave Products Limited is one of the companies which made investors rich during the last one year. Demand for the company’s shares remained high on Monday also. Due to which the company’s share price was successful in gaining more than 9 percent at the time of market closing.
Price increased by 9%
This defense stock opened in BSE on Monday at the level of Rs 849. But after some time the price of the company’s shares reached an intra-day high of Rs 914. This is also the 52 week high of the company. At the time of market closing, the price of the company’s shares was at the level of Rs 878.15 on BSE with a rise of 9.78 percent.
IPO of another company is opening on 29th May, price is Rs 110, GMP made proud
Money doubled in 1 year
During the last one month, the company’s share prices have registered a rise of more than 23 percent. According to Trendlyne data, investors who have held for 3 months have got a profit of 37 percent so far. At the same time, in the last one year the company has given a return of 169 percent to positional investors. Due to which investors’ money has doubled. Let us tell you, the price of this stock has increased by 59 percent in the last 6 months.
What is the target price?
According to Business Today report, brokerage firm Choice Broking has given ‘outperform’ rating to Astra Microwave stock. The brokerage house seems bullish on this defense stock. Due to which a target price of Rs 971 has been set.
Let us tell you, the 52 week low level of the company is Rs 317.45 and the market cap is Rs 8337.60 crore.
What does the company do?
This company designs, develops and then produces products for radio frequency.
