Ace investor and the owner of supermarkets chain D-Mart Radhakishan Damani bought 1.03% stake in the defense sector player Astra Microwave Products in the June quarter of the FY21.

Shares of Astra Microwave Products jumped 4.35% to close at Rs 122.25 on BSE.

In a BSE release on July 10, Astra Microwave Products said Damani bought 8,96,387 shares of the company during the June quarter.



Damani did not have a stake in the company in the March quarter.

Among the mutual funds, Sundaram Mutual Fund, ICICI Prudential Infrastructure Fund, and L&T Emerging Opportunities Fund held 5.45%, 1.36%, and 1.33% stake, respectively, till the end of the June quarter. 

Foreign Portfolio Investors held a 0.48% stake in the company in the same period.