Investors look at such stocks in the Indian Stock Market. Many sell low-priced stocks when they become multibagger stocks. Find out about one such stock here.

Which stock is causing so much interest

Established in 1991, Hyderabad-based Astra Microwave Products is a leading designer and manufacturer of a variety of radio frequency systems, microwave chips and microwave-based components and subsystems for the defense, telecom and aerospace sectors.

What the brokerage firm has to say about this

Astra Microwave designs and manufactures high-quality radio frequency and microwave modules, subsystems and systems in India. It is transforming from a subsystem-level company to a complete system solution provider. Motilal Oswal Financial Services said it is looking at opportunities in the next few years from active electronically scanned array (AESA) radars, Uttam radars, weather-related orders, recurring orders from the Navy and counter-drone orders.

What is the target price set by the brokerage firm

According to Motilal Oswal, “We initiate coverage on Astra Microwave with a ‘buy’ rating and a target price of Rs 1,100, based on 38 times the December 2027 earnings. This valuation reflects a discount compared to larger defence state-owned companies. We view AMPL as a long-term investment opportunity in defence electronics. We expect its revenue growth to accelerate between FY27 and FY30.”

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1800% increase from Rs 50

Shares of Astra Microwave Products surged 1800% from their lowest levels of below Rs 50 during the Covid-19 pandemic to reach Rs 949.90 on Tuesday, with a market capitalisation of Rs 9,000 crore. The stock gained about 1.7% during the session, but is still 20% below its 52-week high of Rs 1195.65 reached in June 2025.

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What the brokerage firm is saying

The company’s revenue grew 8% year-on-year in the first half of FY26. EBITDA grew 21% year-on-year and margins rose 240 basis points year-on-year to 21.4%, helped by higher margin domestic order execution. As a result, reported profit after tax (PAT) grew 23.3% year-on-year, Geojit Investments said.

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