Trending multibagger stock: This Aerospace & Defence company receives an order worth Rs 158 crore!

This BSE Small-cap stock gave multibagger returns of 180 per cent in just 2 years and over 400 per cent in 3 years.

On Tuesday, the benchmark indices were trading high with BSE Sensex Index up by 0.27 per cent at a level of 62,090. On the sectoral front, BSE Utilities Index was the top-gaining sector, up by 1.50 per cent.

Today, shares of Astra Microwave Products Ltd, surged 2.78 per cent to Rs 348.90 per share with an intraday high of Rs 350 and an intraday low of Rs 338.85.

Astra Microwave Products informed that Astra Rafael Comsys Private Limited, a Joint Venture company of Astra Microwave, has received Rs 158 crores worth of order from Defence Public Sector Undertaking (DPSU) for the supply of Software Defined Radio (SDR).

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Astra Microwave Products is engaged in the business of design, development and manufacture of sub-systems for Radio Frequency and microwave systems used in defence, space, meteorology and telecommunication. Today, shares of the company saw a spurt in volume by more than 2.43 times on BSE.  

Astra Microwave Products has a market cap of over 3,300 crore. The company reported positive numbers in its Quarterly Results (Q3) and annual results (FY22). The stock has a PE of 25x whereas the sectoral PE is 72x.

This BSE Small-cap stock gave multibagger returns of 180 per cent in just 2 years and over 400 per cent in 3 years. Investors should keep an eye on this trending stock.