Apollo Micro Systems continued its upward momentum on Monday, December 22, as shares hit a 5% upper circuit at ₹249.80 for the third consecutive session. Investor attention remained high following the company’s recent approvals from the Defence Research & Development Organisation (DRDO), reflecting its growing capabilities in advanced defence technologies.
Market Performance
- Share Price: ₹249.80 (5% upper circuit)
- Consecutive Upper Circuits: Second straight day
- Sector: Defence technology
The stock’s sustained gains over multiple sessions underline the market’s focus on the company’s technological advancements and strategic initiatives.
Main News: DRDO Technology Transfers
Apollo Micro Systems announced it has received approvals from DRDO for two Transfers of Technology (ToT), focused on:
- Laser-Based Directed Energy Weapon (DEW) systems
- Electro-Optical (EO) Tracking Systems for DEW
These ToTs are designed to enhance Apollo Micro Systems’ capabilities in directed energy weapon subsystems, including high-powered laser engagement systems and electro-optical tracking solutions. The initiatives are part of India’s broader push for defence indigenisation and Atmanirbhar Bharat.
Directed Energy Weapon systems use high-powered lasers to impact targets, offering a modern alternative to conventional weapons that rely on kinetic energy. These technologies can heat, damage, or destroy targets with precision, making them increasingly relevant in evolving aerial threat scenarios.
Strategic Expansion in Defence Materials
In addition to technology transfers, Apollo Micro Systems’ step-down subsidiary, IDL Explosives Limited, has been granted a 15-year Industrial License for manufacturing high-energy defence explosives. The license, issued under the IDR Act, 1951, represents a significant expansion into specialized defence materials manufacturing.
Company Details and Ongoing Projects
Apollo Micro Systems is actively developing critical anti-drone systems under the ‘Make’ category for the Indian Armed Forces. These projects include:
- Soft-kill and hard-kill solutions
- Rocket-based interceptors to counter swarm drone threats
The newly acquired DEW technologies will complement these ongoing projects, enhancing the company’s overall defence technology portfolio.
Stock Performance Overview
- Apollo Micro Systems’ share price has delivered over 160% returns in one year
- Five-year gains stand at 2,060%, highlighting its strong long-term growth trajectory
- The stock faced short-term pressure since October, losing around 30% of its value amid weak mid- and small-cap sentiment
Despite temporary volatility, the company’s technological advancements and strategic expansions continue to strengthen its position in the defence sector.
Summary
Apollo Micro Systems shares remained in focus as the company secured DRDO approvals for laser-based and EO tracking technologies, marking a significant step in India’s defence technology development.
- Shares hit 5% upper circuit at ₹249.80 for the third straight session
- Key technology transfers: Directed Energy Weapon (DEW) systems and EO Tracking Systems
- Step-down subsidiary granted a 15-year Industrial License for high-energy defence explosives
- Long-term performance: 165% gain in one year, 2,060% gain over five years
The developments underscore Apollo Micro Systems’ expanding capabilities in advanced defence technologies and its ongoing contribution to India’s self-reliant defence initiatives.
Source: Livemint
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