Market Performance
Apollo Micro Systems' share price surged by 15% intraday on Wednesday, hitting a new all-time high of ₹179. This remarkable rise follows a massive export order win that significantly boosted investor interest.
- Opened at: ₹157.15
- Previous Close: ₹155.80
- Intraday High: ₹179 (52-week high)
- 2-day gain: 27%
- May rally: Over 46%
The stock, listed on the BSE identified as a smallcap, has been showing consistent upward momentum, continuing its impressive run in the defense sector.
Main News: ₹113.81 Crore Export Order Fuels Surge
Apollo Micro Systems announced that it received an export order worth USD 13.37 million (approximately ₹113.81 Crore) for the development of an advanced Avionic System.
- Purpose: To be deployed in civil and military aircraft
- Scope: Advanced avionics system development
- Client & specs: Confidential (under NDA)
Company Details: A Proven Multibagger
Apollo Micro Systems has delivered exceptional long-term returns, making it one of the top-performing defense stocks in recent years.
- 2-year gain: 421%
- 3-year gain: 1460%
- 5-year gain: 2040%
With consistent growth in the defense electronics segment.
Dividend Payout Announcement
Along with securing the export order, Apollo Micro Systems also announced a final dividend for the financial year 2024-25.
- Dividend: ₹0.25 per equity share
- Face Value: ₹1 per share
- Approval: Subject to shareholders at the upcoming AGM
Summary
Apollo Micro Systems' share price jumped 15% to a new peak after announcing a ₹113.81 Crore export order for an avionics system. This surge builds on its stellar performance in May, with a 46% monthly rally and a multi-year, multi-bagger status. The company also declared a final dividend of ₹0.25 per share for FY2024-25.
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