Apollo Micro hits new high on heavy volumes; stock zooms 34% in 5 days

In the past five trading days, the stock soared 34% after the company entered into Term Loan (TL) Agreement with Bajaj Finance to avail credit facilities in the form of TL up to Rs 15 crore

Shares of Apollo Micro Systems (AMS) hit a new high of Rs 91 as they zoomed 19 per cent on the BSE in Tuesday's intraday trade, on the back of heavy volumes, in an otherwise weak market. The stock of the aerospace & defense company has surpassed its previous high of Rs 80 touched on October 20.

A combined 23.83 million equity shares, representing 10.2 per cent of total equity of AMS, have changed hands on the NSE and BSE thus far. In comparison, the S&P BSE Sensex was down 0.17 per cent at 64,005 at 01:33 PM.