Astra Micro up on proposed stock-split, bonus issue

DALAL STREET SPIKES

Astra Microwave has turned out to be a multi-bagger in the current rally. The stock has had a dream run in the last one month.

In Thursday's trading, the counter hit a 5 per cent upper limit to close at its all-time high of Rs 1,735.50 after its proposal on stock-split and bonus issue.

Over 43 thousand shares changed hands at the counter on the BSE on Thursday. From Rs 1,197.05 on June 2, the stock spurted to Thursday's close of Rs 1,735.50, up 45 per cent. Astra makes micro components and sub-systems for wireless communication systems.