Rs 150 crore capex and FIIs increase stake: This multibagger aerospace & defence company bags new order worth Rs 36.58 crore; gains over 800 per cent!

Shares of the company gained more than 200 per cent in the last six months.

Apollo Micro Systems Limited has landed a double win, securing multiple orders worth Rs. 20.76 crores from the Ministry of Defence. This includes both confirmed contracts and tenders where the company's bid came out on top, showcasing its strong presence in the defence sector. Adding to the good news, the company also bagged orders worth Rs. 15.82 crores from a private client, cementing its diverse market reach. This surge in orders bodes well for Apollo Micro Systems' future in both the public and private defence sectors.

Apollo Micro Systems is gearing up for increased production capacity. The company investing a substantial Rs 150 crores in a state-of-the-art facility spread across 2,50,000 sq ft in Hyderabad. This facility will boast dedicated clean rooms for manufacturing sophisticated inertial and RF systems, and even cater to space applications. To ensure the highest quality standards, the plant will be equipped with comprehensive test facilities and NABL laboratory accreditation.

Apollo Micro Systems Limited is a pioneer in the design, development, assembly, and testing of electronic and electro-mechanical solutions. The company develops and sells high-performance, mission, and time-critical solutions to Defence, Space, and Homeland security for the Ministry of Defence, government-controlled public sector undertakings, and private sectors.

The stock has delivered multibagger returns of over 800 per cent in the last three years and FIIs increased their stake in the company in December 2023.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

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