Astra Microwave Products shares climbed nearly 14% on Friday, reaching an all-time high after the company announced a significant new contract.
The defence electronics manufacturer secured an order worth ₹2,205.23 crore from Hindustan Aeronautics Limited (HAL) for the Uttam Radar programme.
Astra Microwave has been a standout performer in the Indian defence sector, with shares gaining over 130% from their five-year lows.
The deal represents one of the largest single contracts in the company's recent history and underscores the accelerating pace of India's military modernization efforts.
The stock's sharp advance marks its strongest single-day performance in more than four years.
Astra Microwave has been a standout performer in the Indian defence sector, with shares gaining over 130% from their five-year lows.
The market's enthusiastic response reflects investor confidence in the company's ability to execute on large-scale government contracts and capitalize on the broader trend of indigenous defence procurement.