Astra Microwave bounces back from 52-week low

Astra Microwave Products was up 2.22% to Rs 91.90 at 14:10 IST on BSE, with the stock recovering on bargain hunting after hitting a 52-week low in intraday today, 22 February 2018.

Meanwhile, the S&P BSE Sensex was down 70.11 points or 0.21% at 33,774.75. The S&P BSE Small-Cap index fell 0.15%, outperforming the Sensex.

On the BSE, 3.73 lakh shares were traded on the counter so far as against average daily volumes of 1.06 lakh shares in the past one quarter. The stock had hit a high of Rs 94.45 so far during the day. The stock hit a low of Rs 87.65 so far during the day, which is a 52-week low. The stock had hit a 52-week high of Rs 149.40 on 9 June 2017.

The stock had underperformed the market over the past one month till 21 February 2018, sliding 22.63% compared with the Sensex's 4.69% fall. The stock had also underperformed the market over the past one quarter, declining 17.6% as against the Sensex's 1.09% rise. The scrip had also underperformed the market over the past one year, sliding 21.86% as against the Sensex's 17.67% rise.

The small-cap company has equity capital of Rs 17.32 crore. Face value per share is Rs 2.

Shares of Astra Microwave Products had slumped 16.29% in the previous five trading sessions to settle at Rs 89.90 yesterday, 21 February 2018, from its closing of Rs 107.40 on 14 February 2018.

Astra Microwave Products' net profit surged 92.5% to Rs 16.48 crore on 10.3% decline in net sales to Rs 86.28 crore in Q3 December 2017 over Q3 December 2016.

Astra Microwave Products is engaged in designing and manufacturing of radio frequency (RF) and microwave super components and sub-systems finding applications in defense, space, telecom, meteorology and civil communication systems.

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