Astra Microwave Products Ltd
ASTRAMICRO

116.00

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115.70

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Buy
Reco. Price
Rs 122.00

Last updated on 11-Jan-2017

We recommend BUY on the stock due to current book-to-bill ratio of 1.38x which gives revenue visibility in near term. Favourable policy changes in the Defence Procurement Procedure are expected to benefit company. Stock is trading at 10.9x P/E on FY18E earnings. (Target Price – Rs.137)
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50 DMA (.)
112.17
100 DMA (.)
114.22
200 DMA (.)
116.70
Weekly Range (.)
115.60
122.90
Monthly Range (.)
107.10
124.60
52 Weeks Range (.)
101.50
139.30
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