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

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Vedanta Aluminium Metal, which debuted on stock exchanges last month after spinning out of Vedanta during the mega demerger, saw its share price rise nearly 2% on Friday morning to trade at Rs 465 apiece after the company on Thursday reported a 46% YoY surge in revenue from operations to Rs 21,393 crore during the April-June quarter of FY27.

Vedanta Aluminium’s total income rose more than 46% YoY to Rs 21,702 crore, while total expenses increased over 7.5% YoY to Rs 12,870 crore during the quarter under review. Vedanta Aluminium’s net profit margin more than doubled to 31% in Q1 FY27 from 15% in Q1 FY26, while its operating profit margin improved to 45% from 26% in the corresponding quarter last year. The company’s net worth surged more than 86% YoY to Rs 30,441 crore at the end of the first quarter.

Along with its Q1 results, Vedanta Aluminium Metal announced its first interim dividend of Rs 8 per share on a face value of Re 1 for FY27. The company has fixed August 5 (Wednesday) as the record date to determine shareholders’ eligibility for the dividend.

Also read | Vedanta Aluminium Q1 Results: Net profit soars 3x YoY to Rs 5,629 crore; Rs 8/share dividend declared

CLSA maintained its ‘Outperform’ rating on the shares of Vedanta Aluminium, with a target price of Rs 540 apiece, implying more than 18% upside potential from the stock’s previous closing price of Rs 457.05 apiece on NSE.

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The international brokerage said that the company’s Q1 performance came in largely in line with estimates, with cost of production falling by $20 per tonne despite the impact of the Middle East conflict. Key projects (capacity expansion guidance and coal and bauxite mine commissioning) were largely on track, which could drive $175-200 per tonne in cost savings, it added.

Citi on Vedanta Aluminium share price

Citi has a ‘Buy’ call on the shares of Vedanta Aluminium, with a target price of Rs 525 apiece, implying around 15% upside potential. It said that the company’s EBITDA was 4% ahead of estimates.
This came on the back of rising aluminium prices and lower costs.

Nuvama on Vedanta Aluminium share price

Nuvama has a ‘Buy’ call on the stock with a target price of Rs 540 apiece. The brokerage highlighted that the firm’s Q1 EBITDA was in line with estimates, driven by higher aluminium prices and lower cost of production.“We expect Q2 FY27 EBITDA to be 5-8% lower QoQ due to lower aluminium price and higher CoP, partly offset by higher volume. Start of its captive bauxite and coal mine in H2 FY27 is likely to reduce its hot metal CoP below $1,600/t in FY28,” it added.

Emkay said Vedanta Aluminium delivered a strong Q1 FY27 earnings print, reporting record-high EBITDA, broadly in line with estimates and driven by firmer aluminium prices and sustained cost discipline.

“We believe the medium-term cost reduction story is intact, supported by higher captive alumina integration, commencement of captive bauxite and coal mines, and the BALCO expansion, which should drive margin expansion. Q2 earnings are likely to soften sequentially due to cost-related headwinds, the lower Al prices, and the impact of hedges, these should be partly offset by higher BALCO volumes,” the brokerage said.

Emkay has a ‘Buy’ call on the shares of Vedanta Aluminium, with a target price of Rs 550 apiece, implying an upside potential of more than 20% from the stock’s previous closing price.

Vedanta Aluminium was the only large-cap stock among the four companies spun off from Vedanta under its mega demerger and debuted in June. It debuted at Rs 522 apiece on the NSE, surpassing its parent company in terms of market capitalisation.

The shares have gained around 6% in one week and 3% in a month, but are overall down more than 7% since listing.

Also read | Vedanta share price target: Why brokerages see up to 24% upside after Q1 earnings?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Brokerages maintained a positive outlook on the stock, citing Hyundai’s focus on regaining domestic market share, expanding exports, improving product mix, and cost optimisation initiatives.

Hyundai Motor India Limited reported a consolidated net profit of Rs 889 crore for Q1 FY27, declining 35% year-on-year compared with Rs 1,369 crore in the same quarter last year. Revenue from operations slipped marginally by 0.5% YoY to Rs 16,335 crore from Rs 16,413 crore. Ebitda declined 31% YoY to Rs 1,512 crore, while Ebitda margin contracted to 9.3% from 13.3% a year ago, impacted by commodity inflation, lower volumes, plant startup costs, and an adverse product mix.

The company acknowledged that Q1 FY27 was a challenging quarter, impacted by multiple headwinds affecting volumes and profitability. Hyundai said temporary production disruptions limited domestic volume growth to 5.4% YoY, while exports were affected by geopolitical challenges, including the ongoing West Asia conflict.

“Q1 FY27 was a challenging quarter, affected by multiple headwinds impacting volumes and profitability. With 100% normalisation of production, coupled with a healthy demand environment and an upcoming product pipeline, recovery is likely to gain pace from Q2 onwards across both domestic and export businesses,” said Tarun Garg, Chief Executive Officer and Managing Director, Hyundai Motor India.

Brokerages remain optimistic

HDFC Securities noted that Hyundai’s Q1 revenue performance was broadly in line with its estimates and Bloomberg consensus. The brokerage highlighted management’s aggressive strategy to revive business fundamentals through market share recovery, export expansion, improved product mix, localisation, and value engineering.

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HDFC Securities expects a rising CNG mix and the upcoming compact electric SUV launch to strengthen Hyundai’s positioning ahead of the upcoming CAFE 3 emission norms. The brokerage maintained an Add rating and valued the company at 23x June 2028 earnings per share, with a target price of Rs 2,142.
Motilal Oswal Financial Services said Hyundai’s Q1 FY27 profit beat its estimates, with PAT at Rs 8.9 billion compared with its estimate of Rs 8.3 billion, supported by higher-than-expected other income and lower depreciation. The brokerage said Ebitda margin at 9.3% was broadly in line with expectations, though down 400 basis points YoY due to cost pressures and operational challenges.Motilal Oswal expects Hyundai’s new launches and strong export order book to drive growth in the second half of FY27. It estimates Hyundai to deliver around 9% volume CAGR over FY26-28, led by a 12% CAGR in exports, while earnings are projected to grow at around 16% CAGR during the period.

The brokerage believes Hyundai remains well-positioned to benefit from India’s premiumization trend, supported by its strong SUV portfolio, and reiterated its Buy rating with a target price of Rs 2,334, valuing the stock at 26x FY28 estimated earnings. With production normalisation, new launches, and export recovery expected to support growth from Q2 FY27 onwards, analysts believe Hyundai’s near-term challenges could give way to a stronger second half performance.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)