FIIs Bought 16,62,374 Shares: Multibagger Defence Stock Jump Over 5 Per Cent; Here’s Why
The stock gave multibagger returns of 778 per cent in just 3 years and a whopping 1,600 per cent in 5 years.
On Wednesday, shares of Apollo Micro Systems Ltd gained 5.80 per cent to an intraday high of Rs 125.80 per share from its previous closing of Rs 118.95 per share. The stock’s 52-week high is Rs 157 per share and its 52-week low is Rs 88.10 per share.
Apollo Micro Systems Ltd informed that the company has been declared as the Lowest Bidder (L1) for orders worth Rs 7.37 crore from the Defence Research and Development Organisation (DRDO). Earlier, Apollo Micro Systems Ltd (AMS) had received an order worth Rs 6.14 crore from the Defence Research and Development Organisation (DRDO).
In December 2024, FIIs bought 16,62,374 shares and increased their stake to 0.74 per cent compared to 0.19 per cent in September 2024.
Established in 1985, Apollo Micro Systems is at the forefront of creating, constructing, and validating crucial electronics and electro-mechanical solutions for sectors such as aerospace, defence, and space. The company is renowned for its commitment to research and development, resulting in notable projects such as torpedo-homing systems and underwater mines.
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According to Quarterly Results, total income increased by 85 per cent to Rs 161.30 crore and profit after tax (PAT) increased by 140 per cent to Rs 15.73 crore in Q2FY25 compared to Q2FY24 while in its half-yearly results, the net sales increased by 74 per cent to Rs 253.09 crore and profit after tax (PAT) increased by 194 per cent to Rs 24.16 crore in H1FY25 compared to H1FY24. In its annual results, the net sales increased by 24.91 per cent to Rs 371.63 crore and profit after tax (PAT) increased by 66.01 per cent to Rs 31.11 crore in FY24 compared to FY23.
The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,800 crore. The stock gave multibagger returns of 778 per cent in just 3 years and a whopping 1,600 per cent in 5 years. Investors should keep an eye on this aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.