Multibagger Penny Stocks: There are some stocks which give quick returns to investors not only in the long term but also in the short term and Astra Microwave Products is one such stock. In 22 years, it gave more than 14144 percent return to the investors and made them millionaires on an investment of less than Rs 71 thousand. Whereas in just 3 months last year, it more than doubled the money of the investors. Now it also slipped amid the storm of selling in the market, but looking at its business health, the brokerage firm has advised to invest in it. Today it closed at Rs 623.90 with a gain of 0.88 percent on BSE.
Astra Microwave Products proved to be a multibagger
Astra Microwave Products has proved to be a multibagger for investors. On 11 April 2003, it was available for just ₹ 4.38. Now it is at ₹ 623.90, that is, in 22 years, investors became millionaires by investing just 71 thousand rupees. Talking about the movement of shares in a year, it was at a one-year low of ₹ 510.65 on 14 March 2024 last year. From this low level, it jumped more than 107 percent in just 3 months and reached a record high of ₹ 1059.75 on 18 June 2024, that is, investors' money more than doubled in just three months. However, the boom in the shares stopped here and at present it is more than 41% downside from this high.
Now what is the next trend?
Astra Microwave Products manufactures radio frequency systems, microwave chips and microwave-based components and subsystems for defense, telecom and space. In the December 2024 quarter, its revenue grew 12 per cent year-on-year on the back of healthy order execution and operating profit also grew 15 per cent, but margins remained stable at 29.5 per cent. Net profit grew 9 per cent.
The company received orders worth Rs 674 crore in the nine months of the current financial year 2025, out of which about 70 percent are domestic defense orders, due to which brokerage firm Geojit BNP Paribas expects margin expansion and earnings support. According to the brokerage, modernization can keep the order book strong even further. Talking about the shares, it is 41 percent down from the record high, so the brokerage firm is looking at this sharp decline as a golden opportunity for investment and has maintained the buy rating at a target price of Rs 768.
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