Astra Microwave Products sees 5.3% stock price increase, outperforms sector by 3.74%

Astra Microwave Products, a midcap company in the defence industry, saw a 5.3% increase in its stock price on August 16, 2024. This rise was in line with the overall performance of the sector, as the company outperformed the sector by 3.74%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Astra Microwave Products' stock is 'Hold'. This recommendation is based on the company's recent performance and market trends.

In terms of price movement, Astra Microwave Products has been on a consecutive gain for the last two days, with a 7.17% increase in returns during this period. The stock also touched an intraday high of Rs 880, showing a 5.65% increase.

When compared to various moving averages, Astra Microwave Products' stock is currently higher than the 5-day, 20-day, 100-day, and 200-day moving averages. However, it is lower than the 50-day moving average.

In terms of performance, Astra Microwave Products has outperformed the Sensex by 4.96% in the last 1 day and -4.62% in the last 1 month. This shows a positive trend for the company's stock, despite the overall negative performance of the Sensex in the same period.

Overall, Astra Microwave Products has shown a strong performance in the recent past, with a steady increase in its stock price. With a 'Hold' recommendation from MarketsMOJO, investors can keep a close eye on the company's future performance in the defence industry.