Introduction:
Defence stock secured the Lowest Bidder (L1) status for a ₹7.37 crore order from DRDO, reinforcing its expertise in advanced defence technology. This achievement strengthens its industry presence, highlighting its commitment to innovation and securing high-value contracts in defence electronics.
Share Price movement of Apollo Micro Systems:
On January 30, 2025, Apollo Micro Systems Ltd opened at ₹120.1, up 1.40% from its previous close of ₹118.95. The stock reached a high of ₹125.80 (3.83%) and a low of ₹120.1. Currently, it is trading at ₹123.5, with a market cap of ₹3,784.53 crore.
Apollo Micro Systems new order:
Apollo Micro Systems Limited has been declared the Lowest Bidder (L1) for orders worth ₹7.37 crore from the Defence Research and Development Organisation (DRDO). This achievement strengthens the company’s presence in the defence sector, showcasing its expertise in delivering advanced technological solutions for critical defence applications.
The company’s successful bid reinforces its capability in securing high-value defence contracts, demonstrating trust and reliability in the industry. This order win highlights Apollo Micro Systems’ commitment to innovation and excellence in defence electronics, enhancing its portfolio of specialized defence solutions.
This milestone is a significant step towards expanding its footprint in the defence sector. By securing projects from DRDO, Apollo Micro Systems is positioned for sustained growth, further solidifying its reputation as a key player in India’s defence technology and infrastructure development.
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Recent News About Apollo Micro Systems :
On January 22, 2025, Apollo Micro Systems Limited announced its participation in Aero India 2025, showcasing its latest advancements in defence and aerospace technologies. This involvement underscores the company’s commitment to innovation and its active role in the defence sector.
Stock performance of Apollo Micro Systems for Period of 1 week, 6 months and 1 year:
Over the past week, Apollo Micro Systems’ stock declined by 14.8%, reflecting short-term market fluctuations. However, over six months, it showed resilience with a modest gain of 1.56%. On a yearly basis, the stock maintained stability, delivering a marginal 0.58% return, indicating steady long-term performance.
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Shareholding pattern of Apollo Micro Systems:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 55.12 | 55.12 | 55.12 |
FII | 0.74 | 0.19 | 7.42 |
DII | 0.87 | 0.87 | 0 |
Retail & others | 43.29 | 43.82 | 37.46 |
About Apollo Micro Systems:
Apollo Micro Systems Ltd (NSE: APOLLO) specializes in designing, developing, and manufacturing advanced electronic and electro-mechanical solutions for defence, aerospace, and homeland security. With a strong presence in India’s defence sector, the company delivers cutting-edge technology for mission-critical applications, strengthening national security and technological innovation.
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.