Market Performance
Apollo Micro Systems, a small-cap defence stock, witnessed a slight decline in intraday trade on November 13. The stock opened at ₹281.65 and touched an intraday low of ₹276.35 before paring losses to trade around ₹281.55 by early afternoon. Meanwhile, broader market benchmarks showed positive movement, with the Sensex up 0.40% at 84,792.
Main News: Warrant Conversion Boosts Equity
The company allotted 35,088 equity shares of face value ₹1 each to investor Piyush Bhupendra Gala, following the conversion of an equal number of warrants.
- The allotment was approved by the Securities Allotment Committee on November 12, 2025.
- ₹30 lakh was received as warrant exercise money from Gala.
- Each warrant was converted into one equity share at an issue price of ₹114 per share.
Earlier, Apollo Micro Systems had issued 3.80 crore convertible warrants on a preferential basis to promoters and non-promoters, with the option to convert them into equity within six months from June 2, 2025. Out of these, 21.07 lakh warrants were converted on September 22, 2025, while 35,088 warrants were converted on November 12, 2025.
Company Details: Stock Performance and Trend
Apollo Micro Systems has delivered impressive returns despite market volatility:
- Multibagger returns of over 130% this year
- Surge of almost 200% over the last 12 months
- 52-week low: ₹90.40 (November 21 last year)
- 52-week high: ₹354.65 (September 17 this year)
- November performance so far: up 2%
The stock experienced profit booking after the September high, which pulled prices lower by around 15% in October, before stabilizing and showing mild gains in November.
Summary
Apollo Micro Systems continues to showcase resilience in the small-cap defence segment. The recent allotment of equity shares through warrant conversion adds to the company’s equity base, while the stock’s long-term performance reflects significant investor confidence despite minor short-term fluctuations.
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