ASTRAMICRO

Feb 12 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• DEC-QUARTER CONSOL NET PROFIT 468.1 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.6 BILLION RUPEES

Source text: [ID:]

Further company coverage: ASTM.NS

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** India's defence sector to get order inflows after federal budget raised core defence capex by 18% y/y for FY27, analysts say

** India's defence index .NIFTYINDDEFENCE down 0.3% after falling about 5.6% on Sunday over investor disappointment due to lack of significant announcements for sector

** Hindustan AeronauticsHIAE.NS down about 1%, Bharat Electronics BAJE.NS up 0.72% and Bharat DynamicsBARA.NS down about 3.5%

PRIORITISATION TO SUPPORT ORDER FLOWS

** Citi says continued prioritisation on defence and localisation should support order inflows, though it sees limited near-term upside after sharp rally

** Nomura says budget lacks "big bang" measures even as it notes defence capex growth as positive

** CLSA expects defence spending growth to moderate on high base after strong increases in FY26, but says execution of large orders and exports remain supportive

(Reporting by Surbhi Misra in Bengaluru)

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Jan 8 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• JV GETS ORDER WORTH 2.75 BILLION RUPEES

Source text: ID:nnAZN4RSTZX

Further company coverage: ASTM.NS

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** Analysts see upside for Indian defence public sector companies after 790 billion rupee ($8.79 billion) defence approvals

** Indian Defence Acquisition Council approved the capital acquisition proposals across the Indian Army, Air Force, and Navy on Monday

** Antique Stock Broking says with project approvals worth 3.3 trillion rupees in YTDFY26, we believe defence PSUs have strong growth opportunities

** Budget will not be a constraint for acquisitions, and double-digit growth in defence capex can be expected in the coming years, it adds

** Citi sees Bharat Electronics BAJE.NS to gain from multiple procurements, including radars and drone detection systems, while Hindustan Aeronautics HIAE.NS to benefit from orders related to Astra Mk-II missiles and Tejas aircraft simulators

** Goldman Sachs expects Solar Industries SLIN.NS, Bharat Electronics and Bharat Dynamics BARA.NS to benefit the most, which will then trickle down to Astra Microwave ASTM.NS and Data Patterns DATP.NS

** YTD, defence sub index .NIFTYINDDEFENCE rises 18.6%, beating benchmark Nifty 50's .NSEI 9.7% climb

($1 = 89.9220 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

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** Goldman Sachs initiates coverage on eight Indian defense stocks helped by a six-fold rise in domestic defense spending, scope for indigenization and export expansion

** Notes, despite India being a top defense spender and importer, investor attention remains skewed toward public-sector firms, even as private-sector players offer stronger growth and deeper exposure to advanced technologies

** Azad Engineering ("Buy", PT: 2,055 rupees) climbs the most to 8%; to deliver stronger EPS growth than global peers, with improving RoE and sustained momentum through FY33 - GS

** Broker's top picks Solar Industries SLIN.NS and PTC Industries PCIN.NS up 3.5% and 4%, respectively

** SLIN has a unique moat in high energetic materials, PCIN is establishing itself as a leading aerospace grade titanium and superalloy player - GS

** Brokerage initiates "Buy" at Astra Microwave ASTM.NS, Data Patterns DATP.NS and Bharat Electronics BAJE.NS, which are up 4%, 5.9% and 1.1%, respectively

** Hindustan Aeronautics HIAE.NS up 1.34% after being assigned "Neutral" and Bharat Dynamics BARA.NS gains 0.9% after being rated "sell"

(Reporting by Urvi Dugar)

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Updates

** Defence stocks .NIFTYINDDEFENCE up 0.7%, extending Friday's gains, after India unveiled a new framework to streamline, simplify and rationalise procurement processes for armed forces

** Defence minister on Sunday approved Defence Procurement Manual (DPM), outlining key rules and procedures for all revenue procurements covering an estimated 1 trillion rupees ($11.34 billion) for current FY

** A 0.1% delay penalty will apply after prototype development, with a cap of 5%, rising to 10% only for major delays; no levies in development phase

** "The DPM is a structural positive for the defence sector as it simplifies procurement, reduces execution risks and ensures faster order flow," says ICICI Securities

** 13 out of the 18 constituents on the sub-index trading in the green, led by Paras Defence PRAF.NS, up 4.5%

** Cochin Shipyard COCH.NS, Astra Micro ASTM.NS and Cyient DLM CYIT.NS up ~2% each

** YTD, defence stocks up 24%, outperforming 6% climb in Nifty 50 .NSEI

($1 = 88.1710 Indian rupees)

(Reporting by Urvi Dugar and Bharath Rajeswaran)

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Aug 13 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• JUNE-QUARTER CONSOL NET PROFIT 162.7 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2 BILLION RUPEES

Source text: ID:nBSEbvHKzS

Further company coverage: ASTM.NS

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Adds details in paragraphs 2-3, background in paragraphs 4-7

Aug 12 (Reuters) - India's space regulator has picked a consortium led by Google-backed startup PixxelSpace to build a commercial home-grown constellation of earth observation satellites, with an investment of more than 12 billion rupees (nearly $137 million) over the next five years, it said on Tuesday.

The consortium, comprising local space tech firms Piersight Space, Satsure Analytics India and Dhruva Space, will design, build, and operate the satellites, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) said.

The PixxelSpace-led consortium won the project, outbidding Indian defence equipment makers Astra Microwave ASTM.NS and Bharat Electronics BAJE.NS.

The Indian government wants to reduce its dependence on foreign systems, including the widely used U.S. Global Positioning System (GPS), and says its regional navigation satellite system, called NavIC (Navigation with Indian Constellation), provides more accurate domestic navigation and that its use would benefit the economy.

This is in line with Prime Minister Narendra Modi's drive for self-reliance, which has also expanded the use of NavIC.

India has also been pushing tech giants to make smartphones compatible with its home-grown navigation system within months, worrying the likes of Samsung, Xiaomi and Apple.

($1 = 87.6790 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)

(([email protected]; 8800437922;))

** Shares of Astra Microwave Products ASTM.NS rise 3.1% to 979 rupees

** Electronic equipment maker receives 1.35 bln rupees ($15.38 mln) order from Defence Research and Development Organisation (DRDO) for ground-based radar system upgrade

** ASTM rated "buy" by four analysts on average; median target price is 1,204 rupees – data compiled by LSEG

** Stock up 27% YTD

($1 = 87.7650 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 5 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• ASTRA MICROWAVE PRODUCTS LTD - RECEIVES 1.35 BILLION RUPEES ORDER

Source text: ID:nBSE8vNsPk

Further company coverage: ASTM.NS

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May 20 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• ASTRA MICROWAVE PRODUCTS LTD - TO ISSUE CONVERTIBLE WARRANTS WORTH 1.74 BILLION RUPEES

Source text: ID:nBSE1rKcMS

Further company coverage: ASTM.NS

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** Shares of Hindustan Aeronautics HIAE.NS rise as much as 2% to 4,209 rupees

** ICICI Securities says GE Aerospace delivering first of 99 engines to HIAE for Tejas Light Combat aircraft "allays concerns on the execution front"

** Upgrades stock to "Buy" from "Add", raises TP to 5,000 rupees from 4,065 rupees

** Brokerage expects revenue growth of 25–28% through to FY27, based on the order book estimated at more than 1.3 trln rupees ($15.2 bln)

** Brokerage sees execution of Tejas Mk-1A to benefit other companies involved in the supply chain such as Bharat Electronics BAJE.NS, Astra Microwave ASTM.NS and Dynamatic Technologies DYNM.NS

** HIAE stock up ~35% so far this month, set to snap three straight monthly fall

($1 = 85.7890 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Dec 13 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• JV CO BAGGED 2.56 BILLION RUPEES WORTH OF ORDER

Source text: ID:nBSE3ZXgbY

Further company coverage: ASTM.NS

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** Shares of Astra Microwave Products ASTM.NS fall 3.7% to 753.55 rupees

** Electronic equipment maker reports a 15% drop in Q2 consol net profit, hurt by higher expenses

** Rev from ops rose about 21%

** 4 analysts' avg rating is "buy", same as for Bharat Electronics BAJE.NS; median PT 935 rupees - LSEG data

** Stock up ~25% so far this year vs a ~54% jump in BAJE

($1 = 84.4025 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Nov 12 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• ASTRA MICROWAVE PRODUCTS SEPT-QUARTER CONSOL NET PROFIT 253.9 MILLION RUPEES

• ASTRA MICROWAVE PRODUCTS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.3 BILLION RUPEES

Source text: [ID:]

Further company coverage: ASTM.NS

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Nov 6 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• SIGNED JOINT VENTURE AGREEMENT WITH MANJEERA DIGITAL SYSTEMS

• AGREEMENT FOR MANUFACTURING OF NAVIC CHIP AND GNSS PRODUCTS

Source text: ID:nNSE9ncp92

Further company coverage: ASTM.NS

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** Shares of electronic equipment maker Astra Microwave Products ASTM.NS rise 4.3% to 909 rupees; set for third straight session of gains

** Co signs MoU with explosive bolts and cable cutter maker Premier Explosives PRMR.NS to develop and sell multiple products jointly

** PRMR up 3.8% at 584 rupees, set for best day in two weeks

** ASTM up ~49% so far this year; set for sixth straight year of gains

** PRMR has jumped ~83% YTD; on track for fifth consecutive yearly gains

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Astra Microwave Products ASTM.NS rise 2.2% to 837.5 rupees

** Electronic components maker posts a June-qtr consol net profit of 72 million rupees ($857,990.63) compared to a loss of 67.4 million rupees a year earlier

** Busiest session for the stock in over a month; more than 747,000 shares change hands

** Stock up ~39% YTD, had jumped 111% in 2023 for fifth straight year of gains

($1 = 83.9170 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Aug 13 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• ASTRA MICROWAVE PRODUCTS JUNE-QUARTER CONSOL NET PROFIT 72 MILLION RUPEES

• ASTRA MICROWAVE PRODUCTS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.55 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: ASTM.NS

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** Shares of Astra Microwave Products ASTM.NS up as much as 14.3% to a record high of 914.65 rupees

** The electronic components maker reported an over fourfold jump in its March-quarter consolidated net profit to 544 mln rupees ($6.6 mln)

** Co's revenue from operations u 37% Y/Y

** Co also recommended a dividend of 2 rupees per share

** More than 5.8 mln shares change hands, 12.3x the 30-day average

** Stock sees its busiest day yet since Oct 2023, and on track for a second straight session of gains, if current trend holds

** Including session's gains, ASTM stock has climbed 46% YTD

($1 = 83.0720 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

May 24 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• ASTRA MICROWAVE PRODUCTS MARCH-QUARTER CONSOL NET PROFIT 544 MILLION RUPEES VERSUS PROFIT 135.2 MILLION RUPEES

• ASTRA MICROWAVE PRODUCTS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.54 BILLION RUPEES VERSUS 2.58 BILLION RUPEES

• ASTRA MICROWAVE PRODUCTS LTD - DIVIDEND 2 RUPEES PER SHARE

Source text for Eikon: ID:nBSE1yjdZp

Further company coverage: ASTM.NS

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** Shares of Astra Microwave Products Ltd ASTM.NS rise as much as 10.1% to 699 rupees

** Co says it entered into collaboration agreement with Teledyne e2v HiRel Electronics to provide semiconductor services to support aerospace, defense, and high reliability electronics markets

** Stock on track to snap 9 days of losses

** Stock trading above its 200-day simple moving avg since April 2023

** More than 923,000 shares traded as of 2:32 p.m. IST, 2.3x their 30-day moving avg

** ASTM last up 8.7%, adding to YTD gains of ~14.4%

(Reporting by Meenakshi Maidas in Bengaluru)

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** Astra Microwave Products ASTM.NS up ~5%, while Hindustan Aeronautics Ltd (HAL) HIAE.NS jumps to record high amid broad market rally

** Electronic components maker Astra gets 560 mln rupees ($6.7 mln) order from HAL for radar systems

** ASTM had surged ~10% on Thurs on another order win, taking 2-day rally to ~15%, its biggest since July 2022

** Rally also lifts ASTM's trading range above its 50-day moving avg for first time since March 7

** HIAE meanwhile is set to close above its 50-day avg for 6th session in a row

** Stock previously hit record high on March 11

** HIAE has jumped ~22% YTD, while ASTM is up 3.5% YTD

($1 = 83.3650 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

March 28 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• GETS ORDER WORTH 3.86 BILLION RUPEES

Further company coverage: ASTM.NS

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** ICICI Securities says India's equity valuations are getting more uncomfortable as market price rise higher than earnings expansions, especially in small-, mid-caps

** Says this could lead to upward earnings revisions, reducing margin of safety in such stocks

** Sees March 2025 target for Nifty 50 at 24,800, 10% upside from current levels

** Lists Larsen and Toubro LART.NS, Bharat Heavy Electricals BHEL.NS, Jindal Steel And Power JNSP.NS, Astra Microwave ASTM.NS, Oil and Natural Gas Corp ONGC.NS as its top picks

** Nifty 50 index up 3% YTD after rising over 20% last year

** Nifty small-cap .NIFSMCP100 down 1.5%, mid-caps .NIFMDCP100 down 0.1%

** LART, ONGC down 1%, BHEL declines 0.5%, JNSP dips 0.9%, ASTM falls 1.8%

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Feb 19 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• INCORPORATES UNIT ASTRA SPACE TECHNOLOGIES

Source text for Eikon: ID:nNSE3pbj8

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Feb 8 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• ASTRA MICROWAVE PRODUCTS LTD DEC-QUARTER CONSOL NET PROFIT 433.8 MILLION RUPEES VERSUS 276.8 MILLION RUPEES

• ASTRA MICROWAVE PRODUCTS LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.31 BILLION RUPEES VERSUS 2.20 BILLION RUPEES

Source text for Eikon: ID:nBSE37S3qc

Further company coverage: ASTM.NS

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** Shares of Astra Microwave Products ASTM.NS up as much as 14.74% to a record high of 513.8 rupees

** Stock hits sharpest intraday pct gain since July 26, 2022

** Electronic components maker executes transfer of technology agreement between NewSpace India and Dept. of Space for utilisation of operations of radio frequency device

** About 7 mln shares change hands as of 2:28 p.m. IST, 8.9x the 30-day average

** Stock last up 7.82%, extending YTD gains to 69.4%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of electronic components maker Astra Microwave Products ASTM.NS surge as much as 7.9% to hit a record high of 398.40 rupees

** Co says got orders worth 1.58 billion rupees ($19.12 million) for supply of satellite sub-systems, airborne radar, sub-systems of radar and electronic warfare projects

** ASTM says order from Defence Research and Development Organisation, Indian Space Research Organisation and defence's public sector undertakings

** Stock most active since April 26 as more than 3.1 mln shares trade by 10:28 a.m. IST, 4.9 times their 30-day moving avg

** Including Friday's gains, stock up 37.7% YTD

($1 = 82.6490 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

Aug 24 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• GOT ORDERS WORTH 1.58 BILLION RUPEES

Source text for Eikon: ID:nBSE6PqQH7

Further company coverage: ASTM.NS

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