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Astra Microwave Q3 Review: Nirmal Bang Maintains 'Hold' Rating On The Stock, Lowers Target Price — Here's Why
Nirmal Bang retains Hold and value Astra Microwave at 43 times Dec'26E EPS, which exceeds its five-year average price/earnings, backed by a stable order book, indicating a potential upside of 2.5%.
10 Feb 2025, 01:10 PM IST 
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Astra Microwave reported a revenue of Rs 2.6 billion, up by 12% YoY due to higher execution.
(Representative image. Source: Envato)
The strategic initiatives and the government's strong emphasis on "Make in India" are expected to improve Astra Microwave's order book, create new opportunities, and strengthen its market position.
