2,600 Per Cent Returns & FIIs Increase Stake: Multibagger Defence Stock Jumps Over 5 Per Cent With Heavy Volume
The stock gave multibagger returns of 910 per cent in just 3 years and a whopping 2,600 per cent in 5 years.
On Friday, shares of Apollo Micro Systems Ltd gained 5.80 per cent to Rs 124.75 per share from its previous closing of Rs 117.95 per share. The stock’s 52-week high is Rs 157 per share and its 52-week low is Rs 88.10 per share. The shares of the company saw a spurt in volume by more than 1.05 times on BSE.
Established in 1985, Apollo Micro Systems is at the forefront of creating, constructing, and validating crucial electronics and electromechanical 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. =
According to Quarterly Results, net sales increased by 62.5 per cent to Rs 148.39 crore and profit after tax (PAT) increased by 83.1 per cent to Rs 18.24 crore in Q3FY25 compared to Q3FY24 while in its nine-month results, the net sales increased by 69.5 per cent to Rs 400.30 crore and profit after tax (PAT) increased by 133.2 per cent to Rs 42.40 crore in 9MFY25 compared to 9MFY24. In its annual results, the net sales increased by 24.91 per cent to Rs 371.63 crore and profit after tax (PAT) increased by 66.01 per cent to Rs 31.11 crore in FY24 compared to FY23.
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Apollo Micro Systems Limited (AMS) has secured two domestic orders totalling Rs. 50.97 crores: Rs. 11.69 crores from Reliable Technosystems for electronic component manufacturing to be completed in four months, and Rs. 39.28 crores from Corporate Infotech for IP CCTV system supply, with a three-month execution timeline, both emphasizing quality and timely delivery with penalty clauses for non-compliance. Additionally, AMS has formalized its collaboration with Munitions India Limited through an MoU for joint defence system development and established a strategic partnership with Troop Comforts Limited for the joint manufacturing and marketing of advanced air defence systems, including anti-drone and anti-aircraft solutions, demonstrating a significant expansion of its defence capabilities and market reach.
The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,700 crore. In December 2024, FIIs increased their stake in AMS to 0.74 per cent from 0.19 per cent in September 2024. The stock gave multibagger returns of 910 per cent in just 3 years and a whopping 2,600 per cent in 5 years. Investors should keep an eye on this aerospace & defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.