Astra Microwave Products gained 1.24% to Rs 57 at 11:01 IST on BSE after the company said it has secured an order worth Rs 25.50 crore from the Indian Meteorlogical Department for commissioning automatic weather stations in 550 locations across India
The company made this announcement during trading hours today, 26 August 2008.
The stock hit a high of Rs 59.80 and a low of Rs 55.20 so far during the day. The stock had hit a 52-week high of Rs 178 on 2 January 2008 and a 52-week low of Rs 36.50 on 1 July 2008.
The company has an equity capital of Rs 10.81 crore. Face value per share is Rs 2.
The current price of Rs 57 discounts its Q1 June 2008 annualised EPS of Rs 1.22, by a PE multiple of 46.72.
In March 2008, the company received an order worth Rs 21.60 crore from ISRO Telemetry Tracking and Command Network, Bangalore.
Astra Microwave Products’ net profit declined 12.2% to Rs 1.65 crore on 9.5% growth in net sales to Rs 16.77 crore in Q1 June 2008 Q1 June 2007.
The company is engaged in designing and manufacturing high value added RF and microwave super components and sub systems. The products are widely used in VSAT operations, radars, navigational equipment, public mobile trunk radio, WLL, cellular GSM/DCS or PCS networks.
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