>ASTRA MICROWAVE PRODUCTS LIMITED (FIRST CALL)

• We initiated Coverage of Astra Microwave Products Ltd and set a target Price of Rs.76.00.

• Company is engaged in designing and manufacturing of radio frequency (RF) and microwave super components and sub-systems that are used in areas of defence, space and civil communication systems.

• The company has been awarded an order of Rs 25.5 cr. from Indian meteorological department to supply, install and commission remote unmanned automatic weather stations in 550 locations.

• Astra Microwave has been granted 100% Export Oriented Unit (EOU) licence by Government of India (GoI) to one of its units.

• Astra Microwave Products has received an order for Rs. 81.28 cr. from a DRDO entity.

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