This Radhakishan Damani multibagger rallied on the bourses on 26 August

This Radhakishan Damani multibagger rallied on the bourses on 26 August

Indian Market
by 5paisa Research Team Last Updated: 2022-08-26T16:37:06+05:30

The shares of Astra Microwave Products were up by 7.11% and also touched a fresh 52-week high.

Astra Microwave Products is engaged in the business of design, development and manufacture of sub-systems for radio frequency and microwave systems used in defence, space, meteorology and telecommunication. Astra has 3 automatic assembly lines for PCBA assembly, 5 class 10K cleanrooms, functional test infrastructure that extends from 30MHz up to 40GHz, in-house environment test facilities including EMI/EMC facility and a first for any Indian Private Industry - Near Field Antenna test and measurement range.

According to the shareholding pattern of the company as per the June 2022 quarter, Radhakishan Damani, the billionaire investor who is the owner of Avenue Supermarkets (DMart), holds 8,96,387 shares or a 1.03% stake in Astra Microwave Products.

This small-cap company has delivered exceptional returns to its shareholders in one year. From Rs 153.3 to Rs 355.65, registering a growth of 131.9%.

For the quarter under review (Q1FY23) the company saw a decline of 33.44% in its net profit to Rs 8.10 crore as compared to Rs 12.17 crore reported in the same quarter the previous year. EBITDA stood at Rs 25 crore for Q1FY23 as against Rs 21 crore for Q1FY22; a growth of 18% YoY. EBITDA margin for Q1FY23 stood at 15.4%. Moreover, on completion of various orders, the sales witnessed a growth of 25.83% to Rs 162.08 crore in Q1FY23 as compared to Rs 128.81 posted in Q1FY2.

The stock price has climbed 68% in the past six months, 34% in the last one month and 16% in the last 5 trading sessions on BSE. In today’s trading session the stock touched a fresh 52-week of Rs 375.15 and it has a 52-week low of Rs 151.60. In the trading session on 26 August 2022, the shares rallied 7.11% and the scrip ended at Rs 355.65.


Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The

Open Free Demat Account

& get benefits worth 2100*

Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number