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This defence-related stock soared 14.5% in weak market, hit record high

From its March 2023 lows, shares of Astra Microwave Products has more-than-doubled by surging 106 per cent on the bourses

This defence-related stock soared 14.5% in weak market, hits record high

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4 min read Last Updated : Oct 18 2023 | 12:57 PM IST

Shares of Astra Microwave Products soared 14.5 per cent to Rs 513, also their record high, in a weak market on Wednesday as the Radio Frequency and microwave systems developer executed license-cum-transfer of technology (ToT) agreement between NewSpace India and Indian National Space Promotion and Authorization Centre (IN-SPACe).

"The TOT agreement aims to utilise the know how relating to MiniSAR: X band Airborne SAR. Astra Microwave Products has a very robust portfolio of Radars and this technology will help us enhance this further," the company said in an exchange filing.

At 12:24 PM, the stock was ruling 8 per cent higher at

Topics : Buzzing stocks Astra Microwave Products Markets defence sector defence stocks Defence acquisitions

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