Astra Microwave's stock has seen a gain of 5 per cent on Friday. The company is going to present its quarterly results. The company has a queue of orders, which is why the market is positive about the stock. The company, which manufactures radar, missile equipment and satellite systems, currently has an order book of Rs 1960 crore, which is more than double the total income of the entire financial year ending March 2024. Not only this, the company is expecting to get more orders worth Rs 350 crore in the current financial year.

The management is confident that they will achieve the guidance of Rs 1100 crore of revenue for the financial year ending in March. The company's MD S Guruntha Reddy said that we are fully hopeful of getting new orders of Rs 1300 crore to Rs 1500 crore including exports in FY 26. According to the company, they can get one of their biggest orders from Bharat Electronics, which makes surface-to-air missiles for the Indian Army and Navy and the company can get some orders from Bharat Electronics. According to BEL, its order book can double to Rs 25 thousand crore between December 2024 and March 2025. According to Reddy, if BEL achieves its target, then next year opportunities of Rs 1700 to 1900 crore can open up for Astra Microwave. The company's stock is 30 percent below its year's highest level, however, if we look at the 5-year period, the company has given multibagger returns by making its investors' investment 7 times.