Multibagger stock in news: Don’t miss action in this stock that has announced stock split!

Today, the shares of the company saw a spurt in volume by more than 6.02 times on BSE.  

Today, one of the gainers on BSE, shares of Apollo Micro Systems Ltd were locked in a 5 per cent upper circuit to Rs 314.85 per share from its previous closing of Rs 299.90. The stock gave multibagger returns of 186.22 per cent from its 52-week low of Rs 110 per share. 

Apollo Micro Systems announced 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 Re 1 each as of the record date. The company fixed the record date for stock split as Thursday, May 4, 2023. 

Apollo Micro Systems Ltd is a pioneer in the design, development, assembly and testing of electronic and electro-mechanical solutions. Today, the shares of the company saw a spurt in volume by more than 6.02 times on BSE.  

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. 

Investors should keep an eye on this multibagger Small-Cap stock.