Trending News: This Aerospace & Defence company bags an order worth Rs 32.97 crore!

This BSE Small-cap stock gave multibagger returns of 349.50 per cent in just 3 years.

On Wednesday, the benchmark indices were trading high with BSE Sensex Index up by 0.85 per cent at a level of 59,610.37. On the sectoral front, BSE Capital Goods Index was the top gaining sector, up by 1.58 per cent. 

Today, shares of Astra Microwave Products Ltd, surged 3.70 per cent to Rs 247.85 per share with an intraday high of Rs 249.70 and an intraday low of Rs 240. 

Astra Microwave Products informed that it has received an order from the India Meteorological Department (IMD) for the supply of C-Band Dual Polarized SSPA-based Doppler Weather Radars for a total value of Rs 32.97 crore. The order is to be executed within a period of 18 months.   

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 1.14 times on BSE.   

Astra Microwave Products has a market cap of over 2,100 crore. The company reported positive numbers in its Quarterly Results (Q3) and annual results (FY22). The stock has a PE of 26.81x whereas the sectoral PE is 62.62x. 

This BSE Small-Cap stock gave multibagger returns of 349.50 per cent in just 3 years. Investors should keep an eye on this trending stock.