The stock market today witnessed a notable jump in Apollo Micro Systems shares as the company secured substantial orders worth over ₹420 crore. Among these, a significant order came from a subsidiary of Maharatna PSU Coal India, further underlining the growing footprint of this multibagger defence stock.
Investors have been tracking Apollo Micro Systems closely, especially after its impressive run in recent years. The latest orders add another layer of momentum, drawing attention to the company’s expanding project portfolio and revenue streams.
Market Performance: Apollo Micro Systems on the Rise
Apollo Micro Systems’ share price jumped nearly 5% on Wednesday, December 31, to reach a high of ₹272.50 per share on the BSE. This rally helped the stock snap a brief two-day losing streak, following six straight sessions of gains in the preceding weeks.
Key highlights from the day’s trading:
- Share price rose 5% on Wednesday, December 31.
- Day’s high recorded at ₹272.50 per share (BSE).
- The stock had previously been in an uptrend for six sessions, prompting some profit booking.
On a broader scale, Apollo Micro Systems has been on a tear this year. The stock has surged 124% year-to-date, and over a one-year period, it is up 134%, according to BSE data. Over a five-year horizon, the stock has delivered an astounding 2,079% return, cementing its multibagger status.
Main News: Orders Worth ₹420 Crore
Apollo Micro Systems recently announced that its subsidiary, IDL Explosives, received multiple high-value orders, including:
- A ₹419.39 crore order from Coal India subsidiaries for the supply of bulk explosives.
- An export order of ₹1.5 crore for cartridge explosives.
The cumulative value of these orders stands at ₹420.96 crore. This latest acquisition reflects the company’s growing influence in both domestic and international markets, as well as its focus on high-value contracts.
Additionally, earlier in December, Apollo Micro Systems secured another ₹100.25 crore order from a private company for the supply of Unmanned Aerial Systems to the Ministry of Defence. These consistent wins highlight the depth and diversity of the company’s order book.
Company Details: Strong Order Book and Financial Growth
Apollo Micro Systems’ robust order pipeline is a key factor attracting investor interest. As of the end of the September quarter, the company’s order book stood at ₹7,850 crore, signaling strong revenue visibility for the coming months.
Financial snapshot (Q2):
- Revenue: ₹2,253 crore (40% YoY rise)
- Profit: ₹300 crore (91% YoY jump)
Such figures showcase the company’s operational strength and ability to convert large orders into tangible financial gains.
Summary: Why Apollo Micro Systems is in Focus?
Apollo Micro Systems continues to command attention in the stock market today due to:
- Consistently high-value order wins, including significant contracts from Coal India.
- Robust financial performance, highlighted by strong revenue and profit growth.
- A sturdy order book of ₹7,850 crore, enhancing revenue visibility and stability.
- Long-term multibagger returns, with a 2,079% rise over five years.
With these factors in play, Apollo Micro Systems’ trajectory remains an interesting story for investors following defence stocks and companies linked to major PSU contracts.
Source: Livemint
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