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
Shares of Apollo Micro Systems hit a new high of ₹341.05, soaring 6 per cent on the BSE in Monday's intra-day trade.
At 10:32 AM; Nifty India Defence index was up 2.6 per cent, as compared to 0.28 per cent rise in Nifty 50.
Apollo Micro Systems shares rose 3.9 per cent and logged an intra-day high at ₹294 per share on BSE, after Apollo Defence Industries entered into a MoU with Dynamic Engineering
At 12:00 PM, the BSE Smallcap index, the top gainer among broader indices, was up 0.89 per cent, as compared to a marginal 0.06 per cent gain in the BSE Sensex.
Apollo Micro Systems shares have surged 23.20 per cent in the last 3 trading sessions, according to NSE data
Apollo Micro Systems shares hit a record high, surging nearly 5 per cent on Monday after securing two DRDO contracts
Shares of Apollo Micro Systems soared 12% to ₹271.60 on the BSE in intra-day trade, and have zoomed up to 56% thus far in the month of August.
The average trading volumes on the counter jumped nearly four-fold with a combined 48.46 million equity shares representing 14.52% of total equity of Apollo Micro changed hands on the NSE and BSE.
Thus far in the month of August, the stock price of the smallcap aerospace & defence company has rallied 35%, surpassed its previous high of ₹221.40
Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, on Wednesday announced the completion of its preferential allotment of equity shares and convertible warrants, raising a total of over Rs 416 crore. The allotments were made to promoter group, Non-Executive Director Aditya Kumar Halwasiya and LIC Mutual Fund. In a statement, the company said the preferential issue involved 2.70 crore equity shares allotted at Rs 114 each, aggregating to Rs 308 crore along with 3.80 crore convertible equity warrants issued at the same price, with 25 per cent upfront subscription, aggregating to Rs 108.5 crore in initial proceeds. An additional Rs 325.50 crore is anticipated within six months as the rest 75 per cent of the convertible warrants' proceeds. As part of the preferential issue, the promoter group has subscribed to 1.68 crore convertible equity warrants. Halwasiya was allotted 15 lakh shares and an additional 15 lakh convertible .
A total of 18 stocks from the BSE Smallcap index including Eris Life, Apollo Micro, Force Motors, Paradeep Phosphates, India Glycols, EID Parry and Hitachi Energy hit record highs on Wednesday.
Shares of Apollo Micro Systems hit a new high of ₹183.60, soaring 18% on the BSE in Tuesday's intra-day trade after the company received export order worth of ₹114 crore.
In the past six months, the stock price of Apollo Micro Systems has zoomed nearly 60 per cent, as compared to 5.6 per cent rise in the BSE Sensex.
Apollo Micro Systems share price: The defence company saidf that its standalone revenue for the March 2025 quarter (Q4FY25) stood at ₹161.76 crore
Apollo Micro Systems Ltd (AMSL) has posted an 83 per cent jump in its consolidated profit after tax to Rs 18.24 crore in the December quarter, aided by higher income. It had reported a profit after tax (PAT) of Rs 9.96 crore in the October-December quarter of preceding 2023-24 fiscal, the company said in a regulatory filing on Tuesday. The company's total income increased 62 per cent to Rs 149.37 crore against Rs 91.84 crore in the same period a year ago. Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, aerospace and defence, among others.
Shares of Apollo Micro Systems hit a 52-week high of Rs 150, as they rallied 14% on the BSE in Monday's intra-day trade amid heavy volumes on expectations of strong third quarter earnings
Apollo Micro Systems share price: The Board of Directors of Apollo Micro Systems is scheduled to meet on Thursday, January 9, 2025, to consider the issue of equity shares and/or convertible securities
Till 02:02 PM, a combined 20.06 million equity shares, representing 6.5 per cent of total equity of AMS, have changed hands on the NSE and BSE