Astra Microwave Products Ltd
ASTRAMICRO

108.75

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108.50

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Buy
Reco. Price
Rs 108.50

Last updated on 02-Dec-2016

We recommend BUY on the stock due to current book-to-bill ratio of 1.4x which gives revenue visibility in near term. Favorable policy changes in the Defence Procurement Procedure are expected to benefit company. Stock is trading at 13.9x P/E on FY17E earnings. (Target Price – Rs.124.5)
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50 DMA (.)
113.77
100 DMA (.)
117.22
200 DMA (.)
116.15
Weekly Range (.)
108.35
113.25
Monthly Range (.)
101.50
119.40
52 Weeks Range (.)
101.50
153.35
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