Looking at the way the stock market has gained momentum on Friday, it seems that this momentum can be sustained and the market can remain bullish in the future as well. Some news is being seen in the defense stock Apollo Micro Systems.

Shares of Apollo Micro Systems Ltd closed at Rs 91.50 on Friday. The market cap of this company is Rs 2,715.18 crore.

Smallcap defense company Apollo Micro Systems has received orders from the Defense Research and Development Organization (DRDO). The company said in a filing,

“We are pleased to inform you that the company has been declared the lowest bidder for orders worth Rs 16.96 crore from DRDO public sector units, Indian Navy and Indian Army.”

Earlier this week, the company's board announced the withdrawal of the preferential issue of 2,45,00,700 convertible equity warrants to its promoters and certain identifiable non-promoter entities. It

Is noteworthy that in July, the company had approved the issuance of 2.45 crore convertible equity warrants on a preferential basis to promoters and non-promoter businesses.

Apollo Micro Systems Company is engaged in the aerospace and defense sector. It also provides services in infrastructure, transportation, railways, and other sectors. Its market capitalization is Rs 2,715.18 crore.

During Friday's trading, Apollo Micro Systems shares closed down by about 1 percent at Rs 91.20 on the BSE. Apollo Micro Systems

Share Price History

Apollo Micro Systems is part of the BSE Smallcap Index. According to BSE Analytics, the stock has declined 31 percent in the last one year. In two and three years, the stock has given a spectacular return of 271 percent and 723 percent respectively. It has given investors a return of up to 1,149 percent in five years.
 

Apollo Micro Systems Stock Split

In May 2023, the company split its shares in the ratio of 10:1. This means that each share with a face value of Rs 10 was divided into 10 shares with a face value of Rs 1.

During the second quarter of the current financial year (Q2 FY2025), the company reported a two-fold increase in its consolidated net profit after tax to around Rs 16 crore due to high earnings. It had reported a profit after tax (PAT) of Rs 6.55 crore in the July-September quarter of the previous fiscal. Its total income in the quarter rose to Rs 161.30 crore from Rs 87.40 crore a year ago.