New Delhi, July 31 -- Shares of Astra Microwave Products climbed nearly 14% on Friday after the defence electronics company announced a Rs.2,205.23 crore order from Hindustan Aeronautics Limited (HAL) for the Uttam Radar programme.

The buying momentum pushed the stock as much as 13.6% higher to a record high of Rs.1,960 in early trade.

Astra Microwave said it has secured a Rs.2,205.23 crore domestic contract from HAL for the procurement of equipment for the Uttam Radar programme. The order value includes all applicable taxes and GST.

Under the contract, the company will supply 122 Active Antenna Array Units (AAAU) and 121 Interface Frames. HAL, which awarded the contract, is a Government of India enterprise under the Ministry of Defenc...