Hot Pursuit     27-Apr-11
Astra Microwave Products drops after poor Q4 numbers
Astra Microwave Products declined 3.4% to Rs 41.20 at 15:05 IST on BSE, after net profit slumped 58.34% to Rs 3.67 crore on 5.72% fall in net sales to Rs 45.81 crore in Q4 March 2011 over Q4 March 2010.

The company declared its results during trading hours today, 27 April 2011.

Meanwhile, the BSE Sensex was down 86.35 points, or 0.44%, to 19,459.

On BSE, 62,673 shares were traded in the counter as against average daily volume of 79,551 shares over the past one quarter.

The stock hit a high of Rs 43.50 and a low of Rs 40.60 so far during the day. The stock had hit a 52-week high of Rs 52 on 10 November 2010 and a 52-week low of Rs 34.67 on 26 November 2010.

The small-cap stock had outperformed the market over the past one month till 26 April 2011, rising 12.83% compared with the Sensex's return of 3.88%. The stock had underperformed the market in past one quarter, falling 3.94% as against Sensex's return of 3.04%.

The company has an equity capital of Rs 16.37 crore. Face value per share is Rs 2.

At the time of announcing Q4 results, the board of directors of the company recommended a dividend of 50 paise per share for the year ended March 2011.

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