Astra Microwave Products Ltd
ASTRAMICRO

113.00

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112.90

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Buy
Reco. Price
Rs 112.40
We recommend BUY on the stock due to current book-to-bill ratio of 1.38x which gives near term revenue visibility. Also, favourable policy changes in the Defence Procurement Procedure are expected to benefit the company. The stock is trading at 11.2x P/E on FY18E earnings. (Target Price- Rs.140)We recommend BUY on the stock due to current book-to-bill ratio of 1.38x which gives near term revenue visibility. Also, favourable policy changes in the Defence Procurement Procedure are expected to benefit the company. The stock is trading at 10x P/E on FY18E earnings. (Target Price- Rs.140)
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50 DMA (.)
115.09
100 DMA (.)
114.18
200 DMA (.)
116.71
Weekly Range (.)
109.70
114.90
Monthly Range (.)
109.70
126.00
52 Weeks Range (.)
101.50
139.30
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