The stock had lost 11.06% to Rs 45.85 in a weak market on Wednesday, 17 December 2008, when the company had announced the order win during trading hours.Meanwhile, the BSE Sensex was up 99.13 points, or 0.97%, to 9809.19.On BSE, 44,917 shares were traded in the counter. The scrip had an average daily volume of 1.09 lakh shares in the past one quarter. The stock hit a high of Rs 50.40 and a low of Rs 46.80 so far during the day.
The stock had a 52-week high of Rs 178 on 2 January 2008 and a 52-week low of Rs 33 on 10 October 2008.The stock had underperformed the market over the past one month till 17 December 2008, rising 3.50% as compared to the Sensex's 4.57% rise. It had, however, outperformed the market in the past one quarter, falling 5.76% as compared to the Sensex's fall of 26.75%.The small-cap electronic communications systems maker has an equity capital of Rs 10.81 crore. Face value per share is Rs 2.
The current price of Rs 48.90 discounts its Q2 September 2008 annualised EPS of Rs 2.09, by a PE multiple of 23.39.Astra Microwave Products on Wednesday said it won an order worth Rs 13.80 crore to supply and install automatic weather stations across 500 locations in India. The company received the latest order from Antrix Corporation, the commercial arm of India's Department of Space, it said in a statement to the stock exchanges.
The company said the unmanned weather stations are scheduled to be commissioned by May 2009. The weather stations will feed live data via satellite to the Indian Space Research Organization's central servers.The Antrix order follows a Rs 25.50-crore order for automatic weather stations by the India Meteorological Department in August this year. Astra's order book now stands at Rs 176 crore, 1.45 times its sales of Rs 123.89 crore in the year ended March 2008, which gives a strong revenue visibility.
Astra Microwave Products' net profit rose 51.6% to Rs 2.82 crore on a 112.3% rise in sales to Rs 28.38 crore in Q2 September 2008 over Q2 September 2007.Astra Microwave Products develops, manufactures, and distributes wireless communication solutions. The company offers products in the areas of telecommunications, defense, and space, and the product line includes amplifiers, base stations, dish antennas, filters, microwave components, and switching equipment.
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