Key Events This Week
29 Dec 2025: Stock opens at Rs.980.55, marginal gain of 0.06%
30 Dec 2025: Sharp decline of 2.67% to Rs.954.35
31 Dec 2025: Mojo Grade upgraded to Hold; price rebounds 2.31% to Rs.976.35
1 Jan 2026: Mild gain of 0.76% to Rs.983.75
2 Jan 2026: Death Cross formation; price dips 1.48% to Rs.969.15
29 December 2025: Marginal Opening Gain Amid Market Weakness
Astra Microwave Products Ltd opened the week at Rs.980.55, registering a slight gain of 0.06% despite the Sensex falling 0.41% to 37,140.23. The stock’s volume was modest at 10,854 shares, reflecting cautious investor participation. This minor uptick contrasted with the broader market’s decline, suggesting some resilience in Astra’s price action at the outset of the week.
30 December 2025: Sharp Decline Reflects Profit Taking
The stock experienced a notable setback on 30 December, falling 2.67% to Rs.954.35 on a volume of 10,083 shares. This decline outpaced the Sensex’s marginal 0.01% drop, signalling profit-taking or short-term selling pressure. The dip preceded the announcement of a technical and fundamental upgrade, indicating that the market was digesting recent volatility and awaiting clearer signals.
31 December 2025: Mojo Grade Upgrade Spurs Recovery
On the final trading day of 2025, Astra Microwave’s Mojo Grade was upgraded from Sell to Hold by MarketsMOJO, reflecting improved technical indicators and a balanced fundamental outlook. The stock rebounded 2.31% to close at Rs.976.35, supported by increased volume of 15,186 shares. The upgrade was driven by a shift from sideways to mildly bullish technical momentum, despite mixed signals from MACD and KST indicators. The company’s valuation remains expensive with a Price to Book Value of 7.8 and a PEG ratio of 2.4, but its long-term returns and management efficiency underpin the cautious optimism.
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1 January 2026: Mild Gains Continue on Positive Technical Momentum
The new year began with Astra Microwave gaining 0.76% to Rs.983.75 on relatively lower volume of 6,734 shares. The stock’s daily moving averages indicated mild bullish momentum, supporting this modest advance. Meanwhile, the Sensex rose 0.14%, reflecting a broadly positive market environment. Despite the gains, some technical indicators such as weekly MACD and KST remained bearish, suggesting that the rally was tentative and required confirmation.
2 January 2026: Death Cross Formation Signals Potential Bearish Trend
The week closed with a significant technical development as Astra Microwave formed a Death Cross, where the 50-day moving average crossed below the 200-day moving average. This pattern is widely regarded as a bearish signal, indicating weakening momentum and potential for further downside. Correspondingly, the stock declined 1.48% to Rs.969.15 on a volume of 13,634 shares, underperforming the Sensex’s 0.81% gain. Other technical indicators, including bearish weekly MACD and RSI, reinforced the cautious outlook. The stock’s elevated P/E ratio of 57.12 compared to the sector average of 44.07 adds to valuation concerns amid this technical deterioration.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.980.55 | +0.06% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.954.35 | -2.67% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.976.35 | +2.31% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.983.75 | +0.76% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.969.15 | -1.48% | 37,799.57 | +0.81% |
Key Takeaways from the Week
Positive Signals: The upgrade of Astra Microwave’s Mojo Grade from Sell to Hold on 30 December 2025 reflected improved technical momentum and balanced fundamentals. The shift from a sideways to mildly bullish trend, supported by daily moving averages and bullish On-Balance Volume on weekly and monthly charts, suggests potential for gradual recovery. The company’s long-term performance remains robust, with a 5-year return exceeding 676%, vastly outperforming the Sensex.
Cautionary Signals: Despite the upgrade, several technical indicators such as weekly MACD, KST, and RSI remained bearish or neutral, indicating underlying momentum weakness. The formation of the Death Cross on 2 January 2026 is a significant bearish development, signalling potential further downside. Valuation metrics remain elevated, with a P/E ratio of 57.12 well above the sector average, increasing vulnerability to negative sentiment. The stock’s underperformance relative to the Sensex during the week (-1.11% vs +1.35%) underscores these headwinds.
Conclusion: A Week of Mixed Momentum and Emerging Risks
Astra Microwave Products Ltd’s week was characterised by a complex interplay of technical upgrades and bearish signals. The MarketsMOJO upgrade to Hold and mild bullish momentum offered some optimism, but the subsequent Death Cross formation and persistent bearish indicators temper enthusiasm. The stock’s valuation premium and recent price weakness relative to the Sensex highlight the need for caution. Investors should monitor upcoming price action and technical indicators closely, as the current environment suggests a phase of consolidation or correction may be underway despite the company’s strong long-term fundamentals.
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