Astra Microwave Products gained 2.19% to Rs 125.90 at 12:10 IST on BSE after net profit surged 246.15% to Rs 19.11 crore on 14.77% rise in net total income from operations to Rs 124.35 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours on Friday, 29 April 2016.Meanwhile, the BSE Sensex was down 193.69 points, or 0.74%, to 25,417.15.
On BSE, so far 1.23 lakh shares were traded in the counter, compared with an average volume of 98,679 shares in the past one quarter. The stock hit a high of Rs 128 and a low of Rs 125.70 so far during the day. The stock hit a 52-week high of Rs 155.30 on 27 November 2015. The stock hit a 52-week low of Rs 100 on 16 June 2015. The stock had outperformed the market over the past one month till 29 April 2016, gaining 18.12% compared with Sensex's 2.84% gains. The scrip had, however, underperformed the market in past one quarter, sliding 2.72% as against Sensex's 2.96% gains.
The mid-cap company has an equity capital of Rs 17.32 crore. Face value per share is Rs 2.
Astra Microwave Products said that it has an order booking of Rs 538 crore as of 31 March 2016 which is executable in the next 12 to 18 months period.
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Astra Microwave Products' board of directors recommended dividend of Rs 1.20 per share for the year ended 31 March 2016 (FY 2016).
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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