Astra Microwave jumps after blockbuster Q1 earnings

Astra Microwave Products rose 3.09% to Rs 143.25 at 12:56 IST on BSE after net profit surged 784.26% to Rs 19.10 crore on 404.73% increase in net sales to Rs 187.86 crore in Q1 June 2014 over Q1 June 2013.

The result was announced during trading hours today, 31 July 2014.

Meanwhile, the BSE Sensex was down 2.71 points, or 0.01%, to 26,084.71.

On BSE, so far 16.49 lakh shares were traded in the counter, compared with an average volume of 6.31 lakh shares in the past one quarter.

The stock hit a high of Rs 153.70 and a low of Rs 137.10 so far during the day. The stock hit a 52-week high of Rs 156.45 on 7 July 2014. The stock hit a 52-week low of Rs 30.20 on 7 August 2013.

The stock had outperformed the market over the past one month till 30 July 2014, rising 8.43% compared with 2.65% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 105.09% as against Sensex's 16.37% rise.

The small-cap company has an equity capital of Rs 16.37 crore. Face value per share is Rs 2.

Astra Microwave Products develops, manufactures and distributes wireless communication solutions. The company offers products in the areas of telecommunications, defense, and space, and the product line includes amplifiers, base stations, dish antennas, filters, microwave components, and switching equipment.

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