Multibagger in just 1 year; Board announced stock split!

The stock is up by 46 per cent in just 6 months

Apollo Micro Systems announced that the Board of Directors of the company have approved a stock split/sub-division of every 1 equity share of the face value of Rs 10 each into 10 equity shares of the face value of Rs 1 each as of the record date. The company fixed the record date for the stock split as Thursday, May 4, 2023. 

On Friday, at the closing bell, shares of Apollo Micro Systems Ltd ended the day lower, down 0.24 per cent to Rs 313.10 per share from its previous closing of Rs 313.85. The stock traded at an intraday high of Rs 320.95 and an intraday low of Rs 309.95. The stock has a 52-week high of Rs 379.70 and a 52-week low of Rs 110.

Apollo Micro Systems Limited (AMS) designs and manufactures electronics components. The Company focuses on electro-mechanical, engineering designs, manufacturing, and supply solutions. AMS serves the defence, space, government, and private sectors in India.

Talking about the financials, this aerospace & defence company has a market cap of Rs 650.12 crore. The company reported excellent results in both quarterly and annual financial statements.

In Q3FY23, net sales and net profit rose by 28 per cent and 95 per cent respectively over Q3FY22. The net sales rose by 20 per cent and the net profit rose by 50 per cent in FY22 over FY21.

The stock is up by 46 per cent in 6 months and generated multibagger returns of 139 per cent in just 1 year. Investors should keep an eye on this multibagger Small-Cap stock.