Sharma told CNBC-TV18, "Astra Micro makes the microwave communication components for defense equipment. Their last quarterly results were good in the sense that the economy has turned around and it was a loss to profit quarter. On an annualized basis we have to see that it holds an EPS of 2.7, so if this is a trend then the stock could continue to do well in the coming quarters."
He further added, "I have very modest target today at Rs 74.50 but going by the past two days of volumes that are happening on the stock barring today if you take a slightly longer term perspective maybe a month or so, that should be possible to see."
At 11:12 hrs the share was quoting at Rs 71.35, down Rs 0.4, or 0.56% with volumes of 100,682 shares. Market capitalisation stands at Rs 386.31 crore.
The company touched its 52 week high Rs 96.70 and 52 week low Rs 46.00 on 05 Jun, 2009 and 30 Mar, 2009, respectively. Currently, it is trading -26.22% below its 52-week high and 55.11% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 1.36 per share. The stock's price-to-earnings (P/E) ratio was 52.46. The latest book value of the company is Rs 22.80 per share. At current value, the price-to-book value of the company was 3.13. The dividend yield of the company was 0.7%.
