Promoters Bought 1,86,66,000 Shares: Multibagger Aerospace & Defence Company Bags New Drone Order from Indian ArmyThe stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 52.05 per share and a whopping 800 per cent in 3 years.
The stock’s 52-week high is Rs 161.70 per share and its 52-week low is Rs 52.05 per share.
The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,200 crore.
The promoters of the company bought 1,86,66,000 shares and increased their stake to 55.12 per cent in June 2024 compared to 53.21 per cent in March 2024.
President of India owns 71.72 per cent & LIC owns 1.86 per cent stake in this small-cap company!
Promoters Bought 1,86,66,000 Shares: Multibagger Aerospace & Defence Company Bags New Drone Order from Indian Army
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 52.05 per share and a whopping 800 per cent in 3 years.
Today, shares of Apollo Micro Systems Ltd hit a 5 per cent upper circuit to Rs 109.80 per share from its previous closing of Rs 104.60 per share. The stock’s 52-week high is Rs 161.70 per share and its 52-week low is Rs 52.05 per share.
Apollo Micro Systems Limited has been awarded a prestigious Make II project by the Directorate General of AAD, IHQ of MOD(Army) to develop a Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I). This is the company's first Make II project and involves no cost obligation. The project, awarded under the Make II category of DAP-2020, requires the development of cutting-edge, futuristic systems within 85 weeks for single-stage composite trials and staff evaluation. This project marks a significant milestone for the company as it contributes to India's defence capabilities.
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Established in 1985, Apollo Micro Systems is at the forefront of creating, constructing, and validating crucial electronics and electro-mechanical solutions for sectors such as aerospace, defence, and space. The company is renowned for its commitment to research and development, resulting in notable projects such as torpedo-homing systems and underwater mines.
According to Quarterly Results, the net sales increased by 26.76 per cent to Rs 135.44 crore and profit after tax (PAT) increased by 79.23 per cent to Rs 12.93 crore in Q4FY24 compared to Q4FY23 while in its annual results, the net sales increased by 24.91 per cent to Rs 371.63 crore and profit after tax (PAT) increased by 66.01 per cent to Rs 31.11 crore in FY24 compared to FY23.
The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,200 crore. The promoters of the company bought 1,86,66,000 shares and increased their stake to 55.12 per cent in June 2024 compared to 53.21 per cent in March 2024. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 52.05 per share and a whopping 800 per cent in 3 years. Investors should keep an eye on this aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Can this multibagger stock hit upper circuit of Rs 83.54 per share? President of India owns 71.72 per cent & LIC owns 1.86 per cent stake in this small-cap company!
