Astra Microwave Products Ltd up by 8.68% - Traders Corners | Espresso

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Espresso Shot of the Day - Astra Microwave Products Ltd up by 8.68 percent

August 19, 2022
Espresso Shot of the Day - Astra Microwave Products Ltd up by 8.68 percent

ASTRA MICROWAVE PRODUCTS LTD 309.15  (+8.68%)  BSE –   INE386C01029 | 19th August 2022

https://www.myespresso.com/images/Binge-graph-image_ASTRA-MICROWAVE-PRODUCTS-LTD-202208191948228640317.jpg

Astra Microwave designs, develops and manufactures sub-systems for RF and microwave systems used in defense, space, meteorology and telecommunication. Astra Microwave Products Limited (AMPL) was incorporated in 1991 by a team of distinguished scientists with experience in RF/Microwave/Digital electronics and management of projects with high technology content. The three promoters had back then sensed a need for a sound, technically powerful private company that can design, develop and produce highly end RF and Microwave subsystems and systems for strategic applications.


Recent Driver

  • On June 2022, the Company reported a Quarterly Net Profit of Rs. 11.41 crores, up 22% from Rs. 9.66 crores in June 2021.
  • On June 2022, the Company reported Net Sales of Rs 161.16 crores up by 34% from Rs. 120.20 crores in June, 2021.
  • Astra Microwave Products announced that its joint venture company, Astra Rafeal Comsys (in which the company and its associates own 51% stake) will take up development, manufacture, integration, customization and product support of Electro Optic (EO) systems in addition to its existing business line.
  • The company declared on 25th May, 2022 final dividend of Rs.1.40- per equity share (70%) value of Rs.2/- per share) for the year ended March 31, 2022.
(Sources: BSE, Moneycontrol,Business Standard,Economics Times)


Technical Force*

  • S&P BSE SmallCap month till date gain by 4.14%.
  • 3 months avg. NSE volume: 418,327
  • Quantity traded: 2,15,978 | Deliverable Quantity: 38,941 (18.03%)
  • The stock price jumped by more than 100 % from a one-year low level: 146.40 (August 23 ,2021)
  • Daily RSI (14) is at overbought territory today.
  • 52-week-high: 313.00| 52-week-low: 146.40


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

496.88

393.72

314.33

211.17

131.78

28.62

-

-

Fibonacci Pivot

393.72

323.98

280.90

253.15

211.17

169.18

141.43

98.35

28.62


Today’s Close

309.15

SMA

BSE

10 DAY

281.80

20 DAY

273.88

50 DAY

232.78

200 DAY

232.93


Some Key Ratios (Source: BSE)

Market Cap: 2,677.60 crores

PE: 63.68

OPM%: 16.10

ROE%:  7.13

Promoters holding%: 8.46

Prev. Close:  284.45


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.