Aerospace & Defence · ASTM
Aerospace & Defence - Equipments
from 1,665 today
We initiate coverage on Indian Defence Sector with a Hold rating on Astra Microwave Products and a target price of Rs 1,728.
We initiate coverage on Astra Microwave Products with a BUY rating and a target price of INR 2,000, driven by ~INR 250bn addressable opportunity, strong order book providing ~3.5 years of visibility, and increasing contribution of complete systems.
Astra Microwave’s 1QFY27 results were weaker than expectations due to execution delays, but large order inflows from HAL and a robust pipeline support a revised target price of INR1,900 while maintaining a Buy rating.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
