Astra Microwave Products Ltd
ASTRAMICRO

112.05

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112.10

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Buy
Reco. Price
Rs 113.00
We recommend BUY on the stock due to current book-to-bill ratio of 1.6x which gives near term revenue visibility. Also, favourable policy changes in the defence procurement procedure and increase in defence spending are expected to benefit the company. The stock is trading at 10x P/E on FY18E earnings. (Target Price- Rs.125)
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50 DMA (.)
115.73
100 DMA (.)
113.88
200 DMA (.)
116.78
Weekly Range (.)
108.80
116.40
Monthly Range (.)
108.80
119.85
52 Weeks Range (.)
101.50
139.30
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