Multibagger Astra Microwave shares rally 14% to 52-week high after Rs 2,205 crore order win from HAL

Shares of the company surged to a fresh 52-week high of Rs 1,960 apiece on Friday morning, with the stock on track to record its sharpest single-day rally in more than four years. The stock has skyrocketed more than 130% in just four months since hitting a 52-week low of Rs 851 apiece at the end of March this year.

Astra Microwave Products announced that it has received an order for the procurement of 122 AAAU and 121 interface frames for Uttam Radar from PSU major HAL for a total consideration of Rs 2,205.23 crore, inclusive of all applicable taxes and GST. The domestic order is scheduled to be executed within five years.

Notably, this single order win is almost equal to the company’s entire order book of Rs 2,610 crore as of March 31, 2026. The significant order win boosted investor sentiment, sparking the sharp rally in the multibagger stock.

Astra Microwave share price

Astra Microwave shares have jumped around 8% in a week, 11% in a month, and are up nearly 100% in 2026 so far. The stock has surged around 104% in the past one year.

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In the longer term, Astra Microwave shares have rallied 422% in three years and a whopping 1,041% in five years.
Also read | Astra Microwave Q4 results

Astra Microwave demerger

Earlier this year, Astra Microwave announced that its board granted in-principle approval to demerge its space, meteorology and hydrology business into a separate entity, aiming to enable sharper management focus and improved operational efficiency. The company expects to complete the demerger by Q1 FY28.In an exchange filing, the defence electronics player said the move involves the creation of Astra Space Technologies Private Limited, an independent company exclusively dedicated to its space, meteorology and hydrology business verticals. The new entity is expected to adopt tailored growth strategies and capital allocation frameworks aligned with the sector’s specific requirements.

The company added that the demerger would help broaden its investor base by offering distinct investment propositions, while also reducing structural complexity and enhancing transparency. The restructuring is aimed at improving oversight, governance and overall accountability.

However, the demerger will require a string of approvals before coming into effect. These include final approval from the board of directors, shareholders, creditors and stock exchanges, along with NCLT sanction and other regulatory clearances.

Also read |Astra Microwave to demerge space, meteorology & hydrology biz into a separately listed entity

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