The company made the announcement during trading hours today, 28 August 2009.

Meanwhile, the BSE Sensex was up 40.06 points, or 0.25%, to 15821.13.

On BSE, 18.18 lakh shares were traded in the counter as against an average daily volume of 3.76 lakh shares in the past one quarter.

The stock hit a high of Rs 86.40 and a low of Rs 79.85 so far during the day. The stock had hit a 52-week high of Rs 96.70 on 5 June 2009 and a 52-week low of Rs 33 on 10 October 2008.

The stock had outperformed the market over the past one month till 27 August 2009, rising 8.22% as compared to the Sensex's 2.64% rise. It underperformed the market in past one quarter, falling 1.31% as against 11.85% rise in the Sensex.

The small-cap telecommunication equipment maker has an equity capital of Rs 10.83 crore. Face value per share is Rs 2.

The current price of Rs 85 discounts the company's Q1 June 2009 annualised EPS of Rs 1.02, by a PE multiple of 83.33.

The order is expected to be completed in next 30 months.

Astra Microwave Products' net profit fell 16.4% to Rs 1.38 crore on a 4.9% decline in sales to Rs 15.94 crore in Q1 June 2009 over Q1 June 2008.

Astra Microwave Products develops, manufactures, and distributes wireless communication solutions. The company offers products in the areas of telecommunications, defense, and space, and the product line includes amplifiers, base stations, dish antennas, filters, microwave components, and switching equipment.