Apollo Micro Systems Share Price Surges 4% After MoU With US Firms: Stock Market Today Update

Market Performance: Apollo Micro Systems on a Winning Streak

Apollo Micro Systems share price caught investor attention on Thursday, September 11, jumping 4% in intraday trade on the BSE.

• Opening Price: ₹287.30
• Previous Close: ₹282.85
• Intraday High: ₹294
• Price Around 12:50 pm: ₹292.30 (up 3.34%)

The defence stock’s uptick came after a key announcement regarding its subsidiary’s collaboration with US-based firms, highlighting strong market momentum.

Main News: Strategic MoU Announcement

Apollo Micro Systems’ step-down subsidiary, Apollo Strategic Technologies Private Limited, under Apollo Defence Industries Private Limited, has signed a memorandum of understanding with Dynamic Engineering and Design Incorporation, USA.

The MoU focuses on:

• Technology transfer for rocket motors
• Co-development initiatives
• Potential licensed production of BM-21 Grad ER and non-ER rocket motors

The announcement was made during the DSEI London event, attracting attention from defence sector enthusiasts and investors alike.

Company Details: Driving Innovation in Defence

The BM-21 Grad rocket is a 122 mm artillery rocket, widely used in multi-barrel rocket launchers (MBRL). The rocket motor, its primary propulsion system, is critical for:

• Range and stability
• Thrust
• Accuracy of artillery rockets

Apollo Micro Systems emphasized that this MoU represents a strategic push toward indigenising propulsion technologies under the Make in India initiative.

The company added:

• BM-21 Grad rockets are in high demand globally.
• The MoU positions Apollo as one of the few private Indian firms capable of delivering a fully in-house developed rocket system.
• It strengthens India’s presence in the global defence supply chain.
• Supports the Government of India’s vision of self-reliance in defence production.

Apollo Micro Systems Share Price Trend

Apollo Micro Systems has been on a remarkable upward trajectory:

• Monthly Performance: +12% in September so far
• Previous Month: +51%
• Year-to-Date: Over 150% surge
• 52-Week High: ₹320.75 (September 5)
• 52-Week Low: ₹88.10 (October 23 last year)

The stock appears set to extend gains for a second consecutive session, reflecting strong investor confidence in the company’s defence initiatives and strategic partnerships.

Summary

Apollo Micro Systems share price movement highlights the growing market interest in Indian defence technology firms. The MoU with a US firm for co-development of rocket motors marks a milestone in self-reliance and technological innovation.

Investors watching the stock market today have witnessed how a strategic international collaboration can positively influence small-cap stocks, reflecting the dynamic nature of the defence sector and its impact on market performance.