Heavy buying: Back-to-back upper circuits in this multibagger aerospace & defence stock; bags orders from MoD & PAT zooms over 300 per cent!

The stock gave multibagger returns of over 300 per cent in just 1 year whereas the BSE small-cap Index is up by 47 per cent. 

Today, shares of Apollo Micro Systems Ltd hit a 5 per cent upper circuit to Rs 125.85 per share from its previous closing of Rs 119.90 per share. The stock’s 52-week high is Rs 161.75 and its 52-week low is Rs 24.63. The shares of the company saw a spurt in volume by more than 4.25 times on BSE. 

Founded in 1985, Apollo Micro Systems is a pioneer in designing, building, and testing mission-critical electronics and electro-mechanical solutions for aerospace, defence, space, and other industries. They pride themselves on their R&D, which has led to key projects like torpedo homing systems and underwater mines, and are expanding their Hyderabad facility to accommodate clean rooms for advanced systems. Diversification through their subsidiary and recent large orders from the Ministry of Defence suggest exciting times ahead for this leading Indian company.

AMS ignites a financial inferno, smashing quarterly records with revenue up 55 per cent and net profit a jaw-dropping 300 per cent. H1 roars in unison, revenue roaring 34 per cent and net profit soaring 67 per cent. Beyond numbers, AMS expands globally, becoming MP3 International's Middle Eastern kingpin and building a Hyderabad stronghold.

Gearing for defence dominance, AMS forges a dedicated international subsidiary and opens a new manufacturing unit. A bulging order book projected 45-50 per cent of FY24 revenue surge, and secured DRDO contracts paint a crystal-clear picture: AMS is hurtling towards global aerospace mastery, leaving trails of fire in its wake. Buckle up, investors, this rocket has no plans to land!

Earlier, the has recently secured multiple orders amounting to Rs 20.76 crores from the Ministry of Defence. These orders comprise both confirmed orders received and the lowest bid tenders for which the company has been declared as the lowest bidder, highlighting the company's ongoing engagements in the defence sector. Furthermore, the company has also successfully secured orders valued at Rs 15.82 crores from a private company.

Following the December 5, allotment of 98,85,070 warrants, convertible into 10 equity shares each after a stock split, Netxpact Limited (FII) exercised warrants for 29,54,360 equity shares upon paying Rs 4,12,13,322, which were approved by the company's securities allotment committee. This translates to Rs 35,89,54,740 post-split.

The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,300 crore. The stock gave multibagger returns of over 300 per cent in just 1 year whereas the BSE small-cap Index is up by 47 per cent and over 3 years the stock is up by 920 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.