FII & DII Stake Increases: Astra Microwave Products Share Price Jumps 11% On Friday; Here's Why
Astra Microwave Products secured a Rs 2,205.23 crore order from Hindustan Aeronautics Limited (HAL) for the Uttam Radar programme.
The order involves 122 Advanced Array Antenna Units (AAAU) and 121 Interface Frames, to be executed over five years.
FII stake in Astra Microwave Products rose to 10.74% in June 2026 quarter from 7.56% in March 2026, while DII stake increased to 16.09% from 15.42%.
Promoter holding remained unchanged at 6.54%, while public shareholding declined to 66.64% from 70.49%.
The order is part of an indigenous defence initiative to strengthen India's airborne radar capabilities, with HAL as a Government of India enterprise under the Ministry of Defence.
Story angle
Center
Near the middle: closer to straight reporting, less party-line spin.
About how the story is framed, not whether the facts are true.
Dalal Street Investment Journal
Center
Mixed factuality
Who owns this?
DSIJ Pvt Ltd
Independent markets publisher