Undoubtedly, investing in the stock market is risky. But there are many stocks that have given investors huge returns in the last few years. That list includes the shares of a defense company, Astra Microwave. This stock has become a multibagger for investors. As it has increased from Rs 50 to Rs 950, investors in this stock are now happy.

This defense stock is giving great returns even during the market downturn. When the Corona epidemic started in the country, the price of Astra Microwave Defense stock was only Rs 50. But even during the Covid period, this stock has also been running at rocket speed. Yesterday, i.e. Tuesday, the share price increased by 1.68 percent to close at Rs 951. The 52-week high price of this stock is, however, Rs 1195.90.

Investors who invested in this defense stock, which increased from Rs 50 to Rs 951, have received this 1800 percent multibagger return. Calculating the profit, it is seen that if an investor had invested just 1 lakh rupees in Astra Microwave stock during the Corona period and held it till now, the investment amount would have increased by about 19 lakh rupees.

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Astra Microwave, founded in 1991, is a leading designer and manufacturer of defense, telecommunications and radio frequency systems, microwave chips and microwave-based subsystems. Brokerage firms are still showing enthusiasm for the stock. Experts say the stock can see further gains.

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Brokerage firm Motilal Oswal says, “We are giving Astra Microwave a ‘BUY’ rating. We are initiating coverage with a new target of Rs 1,100.” Geojit Investments says the company has shown great work in radar systems, electronic warfare and space technology. As a result, the stock can be targeted at Rs 1,067.

(Special Note: Investment in the stock market is subject to market risk. The price of shares or stocks can fluctuate for various reasons. Therefore, it is advisable to seek expert advice before investing. Invest in the stock market at your own risk.)