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Shares of Astra Microwave Products zoomed over 5% after the Jun-end shareholding sample of the corporate revealed that famend investor Radhakishan Damani owned 1.03% stake in the corporate.
Astra Microwave Products, which is into the enterprise of defence electronics, was integrated in 1991 by a crew of scientists. It gives a variety of experience in RF & Microwave space together with all related digital electronics.
The June shareholding sample of Astra Microwave Products confirmed that promoters held 10.05% stake in the corporate whereas the remainder by the general public. Mutual funds, together with Sundaram Mutual Fund A/C Sundaram Small Cap Fund and ICICI Prudential Infrastructure Fund held 8.14% stake in the corporate.
Veteran Mumbai investor Radhakishan Damani, who can also be the promoter of grocery store chain DMart, holds stakes in a variety of firms.
Forbes has pegged his internet value at greater than $16 billion, making him one of many richest individuals in India.
Astra Microwave Products has a market cap of about ₹1,070 crore.
As per Government of India’s “Make in India coverage”, Astra Microwave has been working with its prospects and companions from India and overseas in order to have the ability to take part in tenders with the Indian Armed forces straight.
In the March quarter, Astra Microwave had reported reveneues of ₹172.55 crore with internet revenue of ₹10.86 crore.
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