Multibagger in just 6 months: This small-cap company bagged projects worth Rs 43.98 crore!

In just 6 months, the stock gave multibagger returns of 133.78 per cent and in 1 year, it returned 145.63 per cent.

Apollo Micro Systems Ltd has informed both the exchanges, BSE & NSE that the company has bagged projects, worth Rs 43.98 crore. 

Additionally, in a recent press release, the company approved the sub-division/ split of one equity share of the face value of Rs 10 fully paid up into ten equity shares of Rs 1 each fully paid up as of record date. The Board of Directors of the company will determine the record date for stock splits, which will be communicated to the exchanges. 

Today one of the gainers on BSE, shares of Apollo Micro Systems Ltd surged 4.94 per cent to Rs 329.75 per share from its previous closing of Rs 314.25. The stock has a 52-week high of Rs 379.70 and a 52-week low of Rs 109.35. 

Apollo Micro Systems Ltd is a pioneer in the design, development, assembly and testing of electronic and electro-mechanical solutions. Talking about the financials, this aerospace & defence company has a market cap of Rs 668 crore. The company reported excellent results in both quarterly and annual financial statements. In Q2FY23, net sales and net profit rose by 13.42 per cent and 19.65 per cent respectively over Q2FY22. 

In just 6 months, the stock gave multibagger returns of 133.78 per cent and in 1 year, it returned 145.63 per cent. Investors should keep an eye on this multibagger small-cap stock.