Turned Rs 1 lakh into Rs 19 lakh! This ₹ 50 share created a stir, advice to buy even now; Know the name of the company

Astra Microwave Share Price: Even though the market is considered a risky investment, there are many stocks which have emerged as money printing machines for their investors. One such stock is defense sector company Astra Microwave stock, which proved to be a multibagger stock for its investors and rose from Rs 50 to Rs 950 and has made the investors rich.

When the outbreak of Corona epidemic started in the country, the price of Astra Microwave Defense stock during that Covid period was only Rs 50, but with the speed with which the country’s economy recovered from this epidemic and progressed at a rapid pace, this defense stock also ran at the speed of rocket and gave huge returns to the investors. During trading on Tuesday, it closed at Rs 951 with a jump of 1.68 percent. The 52 week high of this share is Rs 1195.90.

Tremendous jump of 1800%

Investors who invested money in this defense stock, which rose from Rs 50 to Rs 951, have got a whopping multibagger return of 1800% during this period. If we look at the calculation of their profits, if an investor had invested only Rs 1 lakh in Astra Microwave Stock during the Corona period and had held it till now, then his amount would have increased to Rs 19 lakh.

What work does this company do?

Astra Microwave, established in 1991, is a Hyderabad headquartered company and is a top designer and manufacturer of a wide range of Radio Frequency Systems, Microwave Chips and Microwave-based Sub-Systems for Defence, Telecommunication and Space. Seeing the momentum of this stock recovering from Corona, brokerage firms are also bullish on it and are giving positive response and are expecting further rise in this stock.

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Experts’ opinion regarding shares

Brokerage firm Motilal Oswal says we have a ‘Buy Rating’ on Astra Microwave; And are starting its coverage by setting a new target price of Rs 1,100. Apart from this, Geojit Investments has said that radar system, electronic warfare and space technology The company has shown strong growth. In view of this New target of share Is set at Rs 1,067 and is called ‘Accumulate’ Rating is given.