Multibagger in just 6 months: This aerospace & defence company gets trading approval of 1,67,45,640 equity shares allotted under preferential issue!
The stock gave multibagger returns of 170 per cent in just 1 year whereas the BSE small-cap Index is up by 10.14 per cent.
Apollo Micro Systems Ltd informed that the company got trading approval for 1,67,45,640 equity shares of Rs 1 each, issued and allotted on a preferential issue basis to the non-promoters, have been granted by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on January 04, 2024.
Today, shares of Apollo Micro Systems Ltd plunged 2.19 per cent to Rs 127 per share from its previous closing of Rs 129.85 per share with an intraday high of Rs 131.50 and an intraday low of Rs 126. The stock’s 52-week high is Rs 161.75 and its 52-week low is Rs 24.63.
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 blazes a financial trail, breaking quarterly records with a 55 per cent revenue increase and a staggering 300 per cent rise in net profit. In H1, revenue roars up by 34 per cent, and net profit soars by 67 per cent. Beyond figures, AMS expands globally, dominating the Middle East with MP3 International and establishing a stronghold in Hyderabad.
Prepping for defence leadership, AMS creates an international subsidiary and inaugurates a new manufacturing unit. A robust order book foresees a 45-50 per cent surge in FY24 revenue and secured DRDO contracts confirm AMS's trajectory toward global aerospace mastery. Investors, brace yourselves – this rocket is set for an unstoppable journey!
Recently, the company secured multiple orders totalling Rs 20.76 crore from the Ministry of Defence, including confirmed orders and successful lowest bid tenders. This underscores the company's ongoing involvement in the defence sector. Additionally, the company obtained orders worth Rs 15.82 crore from a private company.
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 3,500 crore. The stock gave multibagger returns of 170 per cent in just 1 year whereas the BSE small-cap Index is up by 10.14 per cent and over 3 years the stock is up by 940 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Promoters & FIIs increase stake in this multibagger aerospace & defence stock with 1,000 per cent returns; Scrip in green after business expansion update – know more here!
-
300 per cent returns and promoters & FIIs increase stake: This multibagger aerospace & defence company bags new order worth Rs 25.58 crore from IOCL
-
Multibagger in just 6 months: This aerospace & defence company gets trading approval of 29,54,360 equity shares allotted under preferential issue!
-
Heavy buying: Back-to-back upper circuits in this multibagger aerospace & defence stock; bags orders from MoD & PAT zooms over 300 per cent!
-
900 per cent returns: This multibagger aerospace & defence allocated 29,54,360 preferential shares to Nexpact Ltd post-stock split!
-
Rs 5,00,00,000 investment: This multibagger aerospace & defence company enters into a strategic collaboration with MP3 International!
-
52-week high alert: This multibagger Semiconductor Software company got approval for DLI application for the development of a smart energy meter IC from Government of India
-
Multibagger penny stock at Rs 42 with 1,800 per cent returns: This micro-cap company imports new high-tech machinery worth Rs 1 crore to boost production and enter new markets
-
Adani Group-backed aerospace & defence company signs landmark cooperation agreement with EDGE Group
-
From Rs 0.23 to Rs 2.27 per share in just 3 years & Stock Split from Rs 10 to 1 done last year: Multibagger penny stock gains over 4 per cent on July 11; do you own it?
-
Low PE, high ROE & high ROCE stock at Rs 123 zooms over 5 per cent in just 1 day – Company from IT-Software Industry; PAT jumps over 100 per cent!
-
Promoter bought 1,65,06,000 shares & increased its stake to 55.80 per cent of this multibagger aerospace & defence stock; Gets trading approval from BSE & NSE
-
Multibagger penny stock at Rs 50 & FIIs bought 6 per cent stake: Board allocates 1,18,13,340 equity shares to promoters on conversion of warrants!
-
Mulitbagger aerospace & defence stock at Rs 103.55 & promoters increase stake: Board allocated 76,24,700 equity shares to promoters & non-promoters on conversion of warrants
-
Debt-free drone company signs MoU with Chennai’s Zuppa Geo Navigation Technologies Pvt Ltd; details inside!
-
Multibagger solar product and EV chargers manufacturing stock at Rs 85 - Company signs MoU with 3ECO; details inside!
-
BNP Paribas bought 9,86,663 shares & Promoters bought over 5 per cent stake of this stock under Rs 65; Company into expansion as it acquired IT-Cube for Rs 84 crore
-
Multibagger penny stock under Rs 60 & FIIs increase stake: This FMCG company reports a 49 per cent jump in net profit of Rs 95.92 crore
-
2:1 bonus share, 2:1 stock split & 2,480 per cent multibagger returns: This electric vehicle (EV) loan provider company allots 7,65,000 shares upon conversion of warrants
-
Promoter bought 1,65,06,000 shares of this multibagger aerospace & defence stock: Hit upper circuit on stellar FY24 results & healthy order book; rockets over 250 per cent