Astra Microwave Products' Stock Reaches All-Time High, Outperforms Sensex in Defence Industry

Astra Microwave Products, a midcap company in the defence industry, has been making headlines recently as its stock price reached an all-time high on May 17, 2024. The stock has been performing well, with a 0.22% increase from its 52-week high of Rs 760.05. However, on the day of the price surge, the stock underperformed the sector by -0.88%.

Despite this, MarketsMOJO has given a 'Hold' call for Astra Microwave Products. The stock has been on a consecutive gain for the last 4 days and has seen a rise of 8.83% during this period. Additionally, Astra Microwave is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In terms of overall performance, Astra Microwave has outperformed the Sensex by a significant margin, with a 1-year return of 124.41% compared to the Sensex's 19.64%. This showcases the company's strong growth and potential in the defence industry.

Astra Microwave Products is a midcap company that specializes in providing microwave and RF-based solutions for the defence sector. With its recent surge in stock price and positive performance, the company is poised for further growth and success in the industry.