Jul 17, 2014

Astra Microwave Products: Growth and Value Stock

Astra Microwave Products Limited is engaged in designing and manufacturing of radio frequency (RF) and microwave super components and sub-systems finding applications in Defense, Space and Civil communication systems.
Its telecom products include GSM/Ext.GSM, CDMA Repeaters, RF and optical mobile jammers, Tower mounted amplifiers, Tower mounted boosters and Band pass and CDMA rejection filters.

It's CMP: Rs. 146.05 and P/E is 23.51.

It is in defense sector as well so prospect is good. It has a rally of more than 200% in one year but still it will give good return that will be far better than conventional stocks like TCS etc.