Astra Microwave shares surged 3.8% to ₹985 after announcing a major defence order.
The company received a ₹135 crore order from DRDO for radar system transformation.
The radar upgrade contract is to be executed over the next 18 months.
Stock traded at ₹978.80, outperforming the flat Sensex around 80,700
level.
Analysts say this strengthens Astra’s order pipeline and boosts medium-term
earnings outlook.
The order involves ground-based radar system transformation for strategic DRDO use.
Stock trades over 40% above its 100-day average, reflecting strong technical moment
um.
Defence stocks are in focus amid rising government demand for local military tech.
Peers like BEL and Data Patterns may see positive spillover from the DRDO order.
Brokerages maintain bullish view on Astra as a strong midcap defence electronics
player.