Share price of Apollo Micro Systems hit a new high of ₹368.70, rallied 25 per cent in the past three trading days on the BSE.
Investor sentiment was further supported by the company's announcement of a final dividend of Re 0.25 per equity share of face value ₹1 each for FY26
The Nifty India Defence index hit an intra-day high of 9,093.20, up 1.3 per cent on the NSE in intra-day deals, and was inching towards its 52-week high of 9,159.55 touched on June 24, 2025.
The buying on the counter came after the company received lifetime license to manufacture and proof test defence weapon systems
Apollo Micro Systems shares have delivered a 122 per cent return over the past one year, according to NSE data
The brokerage in its note highlighted that the global defence sector has entered a structurally elevated growth phase, driven by persistent geopolitical conflicts
The buying on the counter came after its subsidiary IDL Explosives was granted a running contract (RC) to supply of bulk explosives to the subsidiaries of Coal India
Shares of Apollo Micro rose 3 per cent after it received orders worth ₹100.24 crore for the supply of Unmanned Aerial Systems
Company has received approvals from DRDO)for two distinct Transfers of Technology (ToT) relating to Laser-Based Directed Energy Weapon (DEW) systems and EO Tracking Systems for DEW
The buying interest on the counter came after Apollo Micro Systems received a license for the manufacturing of equipment under the categories of defence aircraft
According to the filing, DRDO gave an order worth ₹5.7 crore and a private company provided an order of ₹21.6 crore