ASTRAMICRO

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

• JV CO BAGGED 2.56 BILLION RUPEES WORTH OF ORDER

Source text: ID:nBSE3ZXgbY

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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

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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

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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

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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

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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

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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)

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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

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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)

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

• GOT ORDERS WORTH 1.58 BILLION RUPEES

Source text for Eikon: ID:nBSE6PqQH7

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Aug 14 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• INDIA'S ASTRA MICROWAVE PRODUCTS LTD JUNE-QUARTER CONSOL NET LOSS 67.4 MILLION RUPEES VERSUS PROFIT 81 MILLION RUPEES

• ASTRA MICROWAVE PRODUCTS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.34 BILLION RUPEES VERSUS 1.62 BILLION RUPEES

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June 7 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• CLARIFICATION ON NEWS CIRCULATING RELATING TO DEVELOPMENT OF ACTIVE PROTECTION SYSTEMS IN COLLABORATION WITH DRDO

• CLARIFY THAT NO DECLARATION WAS GIVEN BY CO TO ANY PERSON/COMPANY REGARDING THE SAME

• MANAGEMENT TRYING TO REACH OUT TO PUBLISHER OF POST WITH A REQUEST THAT THEY RETRACT SAID REPORT

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May 26 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• MARCH-QUARTER CONSOL NET PROFIT 135.2 MILLION RUPEES VERSUS 109 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.58 BILLION RUPEES VERSUS 2.39 BILLION RUPEES

• DIVIDEND 1.60 RUPEES PER SHARE

Source text for Eikon: [ID:]

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** Shares of Astra Microwave Products Ltd ASTM.NS rise as much as 2.13% to a six-month high of 346.90 rupees

** Electronic component maker's joint venture company Astra Rafael Comsys Pvt Ltd bags order worth 1.58 bln rupees from a defence public sector undertaking (PSU) nFWN37J16F

** Order pertains to supply of software defined radio- ASTM

** Trading volume is 644,472 shares as of 1:47 p.m. IST, slightly more than the 30-day avg - Refinitiv data

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

May 22 (Reuters) - Astra Microwave Products Ltd ASTM.NS:

• JOINT VENTURE COMPANY BAGGED 1.58 BILLION RUPEES WORTH OF ORDER

Source text for Eikon: ID:nBSE1dvsyG

Further company coverage: ASTM.NS

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