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Share price of Astra Microwave Products rose 7 percent today. After which the share price of the company reached the level of 398.60 rupees. This is a new 52-week high for Astra Microwave Products on BSE. Tell me, the main reason for the increase in the share price of the company is the crores of rupees received from ISRO, DRDO?
Also read: The shares will be divided into 5 pieces, the record date has been announced
158 crores of work got
On August 24, Astra Microwave Products informed the stock market that DRDO, ISRO and DPSU have jointly invested Rs. 158 crore work has been given. The first order deals with satellite systems and weather systems. The cost of this work order is Rs 16.80 crore. The company has to complete it in 12 to 18 months.
This share is Rs. 5000, the company has Rs. 4 lakh crores of work
Stocks came to life
The order has brought life to the share price of the company. Positional investors have gained a modest 2.8 percent in the past one month. At the same time, investors who bought the stock a year ago have increased their holdings by 14.3 percent year-to-date. While Nifty has seen an increase of 9.6 percent during this period.