Introduction:
Leading technology firm has been declared the lowest bidder for projects worth Rs. 21.42 crores from a prominent government organization and a private entity, showcasing its competitive strength and commitment to delivering quality, cost-effective solutions.
Read More: Pharma stock jumps 7% after it partners with Clarity Pharma to strengthen its market in UK
Share price movement of Apollo Micro:
On December 3, 2024, Apollo Micro Systems Ltd opened at ₹101.45, up 0.40% from its previous close of ₹101.05. The stock reached a high of ₹103.15 (2.08%) and a low of ₹101.05. By 3:01 PM, it traded at ₹102.00, a 0.94% increase, with a market capitalization of ₹3,126.19 crore.
Apollo Micro Secures Orders from BEL:
Apollo Micro Systems Ltd. has announced its selection as the lowest bidder for projects valued at Rs. 21.42 crores. The orders are from Bharat Electronics Limited (BEL) and a private company, marking a significant milestone for the firm.
The orders demonstrate Apollo Micro Systems’ competitive edge and robust market presence in the electronics and technology sectors. Securing this bid strengthens the company’s pipeline and highlights its continued commitment to delivering high-quality, cost-effective solutions.
This update is shared as part of Apollo Micro Systems’ ongoing transparency with stakeholders. The company remains focused on leveraging its expertise to fulfill these orders efficiently, aiming to solidify its position in the industry.
Recent news on Apollo Micro:
As of November 23, 2024, Apollo Micro Systems secured orders worth Rs. 4.65 crores from Adani and DRDO. This strengthens its foothold in the aerospace and defense sector, showcasing its growing presence in high-value, strategic projects.
Ace investor holding in Apollo Micro:
Vishal Karwa
Vishal Karwa holds a 1.03% stake in Apollo Micro Systems, owning 3,149,300 shares valued at ₹32.1 crore. This significant investment highlights his confidence in the company’s growth prospects within the aerospace and defense sector.
Stock performance of Apollo Micro for Period of 1 week, 6 months and 1 year:
Apollo Micro Systems has delivered a 7.18% return over the past week, reflecting short-term momentum. However, its six-month and one-year returns stand at -4.53% and -18.4%, respectively, indicating challenges in sustaining long-term performance.
Read More: FMCG stock hits upper circuit after it export order for eco friendly sugar from UAE
Shareholding pattern of Apollo Micro:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 55.10% | 55.10% | 55.10% |
| FII | 0.20% | 7.40% | 9.80% |
| DII | 0.90% | 0% | 0.00% |
| Public | 43.80% | 37.50% | 35.20% |
About Apollo Micro:
Apollo Micro Systems Ltd (NSE: APOLLO) specializes in electronic and electro-mechanical solutions, offering EMS, PCB fabrication, embedded software, and custom electronics. It supports over 700 technologies across 150 indigenous and 60 DcPP programs as a subsystem partner.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
