Multibagger in just 6 months: This aerospace & defence company gets trading approval of 29,54,360 equity shares allotted under preferential issue!

The stock gave multibagger returns of 245 per cent in just 1 year whereas the BSE small-cap Index is up by 55 per cent and a whopping 800 per cent in 3 years.

Apollo Micro Systems Ltd informed that the company got trading approval for 29,54,360 equity shares of Rs 1 each, issued and allotted on a preferential issue basis to the non-promoters, which have been granted by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on January 18, 2024. The date up to which lock-in is August 15, 2024.

Today, shares of Apollo Micro Systems Ltd plunged 0.66 per cent to Rs 121.25 per share from its previous closing of Rs 122.05 per share with an intraday high of Rs 124.75 and an intraday low of Rs 121.40. The stock’s 52-week high is Rs 161.75 and its 52-week low is Rs 24.63.  The stock is up over 100 per cent in just 6 months

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. Currently, they are enhancing their Hyderabad facility by incorporating clean rooms dedicated to advanced systems. The company's diversification efforts, including subsidiary ventures and substantial orders from the Ministry of Defence, indicate a promising future for this prominent Indian entity.  

AMS is on fire, pulverizing financial records with a Q3 revenue surge of 55 per cent and a 300 per cent net profit explosion. H1 is no slouch either, boasting a 34 per cent revenue climb and a 67 per cent net profit leap. But AMS isn't just feasting on numbers, it's conquering the globe. They've locked down the Middle East with MP3 International and planted a flag in Hyderabad. Gearing up for aerospace domination, AMS birthed an international subsidiary and a new manufacturing unit. A bulging order book predicts a 45-50 per cent FY24 revenue blastoff, while secured DRDO contracts cement AMS's path to global aerospace glory.

After the December 5 allotment of 98,85,070 warrants, convertible into 10 equity shares each post a stock split, Netxpact Limited (FII) exercised warrants for 29,54,360 equity shares, paying Rs 4,12,13,322. This approval by the company's securities allotment committee results in a post-split value of Rs 35,89,54,740.

The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,400 crore. The stock gave multibagger returns of 245 per cent in just 1 year whereas the BSE small-cap Index is up by 55 per cent and a whopping 800 per cent in 3 years. Investors should

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