Apollo Micro surges 16% after hitting lowest level since listing

The stock moved higher by 16% to Rs 326, bouncing back 18% from its early morning low on the BSE on back of heavy volumes.

Apollo Micro Systems has risen by 16% to Rs 326, bouncing back 18% from its early morning low on the BSE on back of heavy volumes. The stock hit an intra-day low of Rs 276, its lowest level since listing on January 22, 2018.

The trading volumes on the counter jumped an over four-fold with a combined 560,900 equity shares changed hands on the BSE and NSE till 01:35 pm.

Apollo Micro Systems had made a stellar debut on the bourses, listed at Rs 478, a 74% premium against its issue price of Rs 275 per share on