FII & DII Stake Increases: Astra Microwave Products Share Price Jumps 11% On Friday; Here's Why
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Astra Microwave Products has secured a Rs 2,205.23 crore order from Hindustan Aeronautics Limited (HAL) for the procurement of AAAU and Interface Frames for the Uttam Radar programme, with execution scheduled over the next five years.
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 32.40 points, or 0.13 per cent, to 24,349.55. Amid the positive market sentiment, Astra Microwave Products share price jumped 11.05 per cent to Rs 1,916.80 after the company secured a Rs 2,205.23 crore order from Hindustan Aeronautics Limited (HAL) for the Uttam Radar programme.
Astra Microwave Products Order Details
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Download Service BrochureAstra Microwave Products Limited informed the exchanges that it has received an order from Hindustan Aeronautics Limited (HAL) for the procurement of 122 Advanced Array Antenna Units (AAAU) and 121 Interface Frames for the Uttam Radar programme.
The total contract value stands at Rs 2,205.23 crore, inclusive of all applicable Taxes and GST. The company stated that the order is to be executed within five years.
Strategic Significance
The order has been awarded by Hindustan Aeronautics Limited, a Government of India enterprise under the Ministry of Defence. The Uttam Radar programme is an important indigenous defence initiative aimed at strengthening India's advanced airborne radar capabilities.
The company also clarified that neither the promoter nor promoter group has any interest in the awarding entity and that the contract does not fall under related-party transactions.
Also Read - Ajay Upadhyaya-Held Chemical Stock Signs Agreement with DRDO to Develop Indigenous Defence Chemical Technology
Shareholding Pattern
The company's institutional shareholding strengthened during the June 2026 quarter. Foreign Institutional Investors (FIIs) increased their stake to 10.74 per cent from 7.56 per cent in the March 2026 quarter, while Domestic Institutional Investors (DIIs) raised their holding to 16.09 per cent from 15.42 per cent. Public shareholding declined to 66.64 per cent from 70.49 per cent, while promoter holding remained unchanged at 6.54 per cent, indicating increased institutional interest in the company.
About Astra Microwave Products
Astra Microwave Products Ltd is a leading Indian defence and Aerospace electronics company engaged in the design, development and manufacture of high-end RF and microwave systems, subsystems and components. The company serves defence, space, homeland security and meteorology sectors, supplying advanced electronic systems to organisations including DRDO, ISRO and defence public sector undertakings.
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Disclaimer: The article is for informational purposes only and not investment advice.