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In the past three months, the stock of the aerospace & defence company has underperformed the market by falling 2 per cent, as compared to a 6 per cent rise in the S&P BSE Sensex
Astra Microwave Products sees opportunities from various programs planned by the government through Defense Research labs (DRDO) and from the Make-II opportunities from Ministry of Defence (MoD)
The stock dipped 9% to Rs 115 on BSE after the company posted a net loss of Rs 2.43 crore in June quarter.