Apollo Micro Systems bags order worth Rs 43 crore; stock positive

Aerospace and defense company Apollo Micro Systems has bagged defence projects worth Rs 43.98 crore, the company informed exchanges today.

Apollo Micro Systems is a pioneer in the design, development, assembly and testing of electronic and electro-mechanical solutions. The company caters to aerospace, defense and space, railways and automotive markets among others.

"With reference to captioned subject and pursuant to regulation 30 of SEBI (LODR) Regulations, 2015, we are pleased to inform that Company has bagged projects, worth Rs 43.98 crore," the company said in exchange filing.

Shares of Apollo Micro Systems have yielded a multibagger return, resulting in wealth gain for investors. The counter has delivered a whopping 139 per cent return in the past 1 year and 131 returns in 6 months. YTD, it has advanced nearly 9 per cent.

The board of Apollo Micro Systems is scheduled to release its third quarter result on February 10. The company's net profit rose 19.64 per cent to Rs 3.29 crore in the September quarter. 

Shares of Apollo Micro Systems on Tuesday traded in green, quoting Rs quoted Rs hit an upper circuit of 5% to settle at Rs 314.25 on Tuesday.

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