Multibagger Small Cap Defence Stock On Buy Call, Target Price Rs 800: ICICI Securities

ICICI Securities has recommended buy rating to small cap stock Astra Microwave Products Ltd with target price of Rs 800. Current market price of Astra Microwave shares on BSE is Rs Rs 639.10 apiece with intraday fall of 2.57%.

If you buy Astra Microwave shares at last trading price of Rs 639.10 apiece, you can fetch potential return of 25.18%. Astra Microwave shares offered return of 132% in last 1-year. Check details below:

Astra Microwave Shares Performance & Return: The 52-week high price of Astra Microwave shares on BSE is Rs 690.00 apiece and 52-week low price is Rs 213.15 apiece, respectively. The company has a market capitalisation of Rs 6,067.94 crore. Astra Microwave shares gained 83% in last 6-months and soared 222% in last 2-years. In last 3-years, Astra Microwave stock zoomed 452% and gained 753% in last 5-years.

Astra Microwave Financials: The company declared its net sales for the quarter ended December 31, 2023 at Rs 229.81 crore, up 5% from Rs 218.87 crore in December 2022. It announced its net profit for December 2023 quarter at Rs 42.04 crore, up 38.88% from Rs 30.27 crore in December 2022. Its EBITDA zoomed 29.29% to Rs 70.50 crore for the quarter under consideration as against Rs 54.53 crore in December 2022. Astra Microwave's EPS soared to Rs 4.43 in December 2023 from Rs 3.50 in the corresponding quarter of last year.

About: Astra Microwave Products Limited was incorporated in 1991. AMPL has moved up the value chain and has supplied multiple Radar & Telemetry Systems in support of AtmaNirbharBharat initiative of the Government of India. It has experience of over twenty six years working with various Indian Government Laboratories, Indian Defense Public Sector Undertakings, Indian Space Research Organization and many foreign OEM's, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.