DIIs bought 26,66,460 shares: Multibagger defence stock is up for the second straight day after the company announced a 194 per cent increase in PAT for the first half of FY25
The stock is up by 62 per cent from its 52-week low of Rs 65.28 per share and gave multibagger returns of over 1,200 per cent in 5 years.
On Monday, shares of Apollo Micro Systems Ltd jumped 3.50 per cent to an intraday high of Rs 105.69 per share from its previous closing of Rs 102.13. The stock’s 52-week high is Rs 161.70 per share and its 52-week low is Rs 65.25 per share.
The stock is up for the second straight day as the company announced stellar results. According to Quarterly Results, total income increased by 85 per cent to Rs 161.30 crore and profit after tax (PAT) increased by 140 per cent to Rs 15.73 crore in Q2FY25 compared to Q2FY24 while in its half-yearly results, the net sales increased by 74 per cent to Rs 253.09 crore and profit after tax (PAT) increased by 194 per cent to Rs 24.16 crore in H1FY25 compared to H1FY24. 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.
Apollo Micro Systems Ltd has secured several significant orders in recent months, including a proprietary order worth Rs 28.74 crore from Bharat Electronics Limited and CNA (OF) Pune, Indian Navy. Additionally, the company has been selected by the Armament Research and Development Establishment (ARDE), DRDO, for the Transfer of Technology (ToT) related to the production of PRACHAND Munition Hardware. Apollo Micro Systems has also received orders from Reliable Technosystems India Pvt Ltd (Rs 5.72 crore), Economic Explosives Ltd and ARDE-DRDO (Rs 4.70 crore), Munitions India Ltd (Rs 72.26 crore), Bharat Dynamics Limited (Rs 10.90 crore), and has been awarded a contract to develop Rocket Guided Bombs for Anti-Submarine Warfare (Rs 5.73 crore). These successes highlight the company's expertise in defence electronics and its growing market presence.
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About Apollo Micro Systems Ltd.
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.
The company falls under the BSE Small-Cap Index with a market cap of over Rs 3,000 crore. In September 2024, DIIs took a fresh entry and bought 26,66,460 shares or 0.87 per cent stake in the company. The stock is up by 62 per cent from its 52-week low of Rs 65.28 per share and gave multibagger returns of over 1,200 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.