Apollo Micro Systems hits over 4-yr high on stable outlook; stock soars 15%

In the past one month, the stock has outperformed market as shares surged 25 per cent, as against 4.4 per cent decline in the S&P BSE Sensex

Shares of Apollo Micro inched 15 per cent higher to hit a 52-week high of Rs 202.95 in Wednesday’s intra-day trade, on the back of heavy volumes and stable outlook. The stock surpassed its previous high of Rs 195.4 apiece, which it had touched on October 7. The stock traded at its highest level since May 2018.

The average trading volumes on the counter jumped nearly 1.5 times, as around 1.23 million shares changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.72 per cent at 57,560 points at 02:17 PM.

Apollo