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Defence stock jumps 5% after receiving order from DRDO and PSU

Prominent defence technology company secures ₹7.52 crore in orders and is declared Lowest Bidder for ₹11.48 crore in contracts from DRDO and PSU.
Defence stock surges 5% following order from DRDO and PSU.
Defence stock surges 5% following order from DRDO and PSU.

Introduction:

Leading defence technology company has secured orders worth ₹7.52 crore from DRDO, PSU, and a private firm. Additionally, it has been declared the Lowest Bidder for ₹11.48 crore in orders from DRDO and PSU.

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Share price movement of Apollo Micro Systems:

On April 15, 2025, Apollo Micro Systems Ltd opened at ₹115.00, up 2.07% from its previous close of ₹112.65. The stock reached a high of ₹117.70 (4.30%) and a low of ₹114.50. By 11:36 AM, it traded at ₹117.25, a 4.08% increase, with a market cap of ₹3,593.59 crore.

Apollo Micro Systems Secures Orders:

Apollo Micro Systems Limited has secured orders worth ₹7.52 crore from DRDO, a public sector undertaking (PSU), and a private company. The company continues to expand its business operations through these significant deals.

Additionally, Apollo Micro Systems has been declared the Lowest Bidder for orders totaling ₹11.48 crore from DRDO and PSU. This accomplishment further strengthens the company’s position in the defence and public sector market.

Stock performance of Apollo Micro Systems for Period of 1 week, 6 months, and 1 year:

Apollo Micro Systems Ltd delivered a -0.62% return over the past week, gained 13.7% over the past six months, and saw a 5.30% increase over the past year.

Also Read: Power stock jumps 7% after receiving new orders worth ₹1,085 Cr in transmission and distribution segment

Shareholding pattern of Apollo Micro Systems:

ParticularsDec 2024Sep 2024Jun 2024
Promoter55.10%55.10%55.10%
FII0.70%0.20%7.40%
DII0.90%0.90%0.00%
Public43.30%43.80%37.50%
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About Apollo Micro Systems:

Apollo Micro Systems Ltd (NSE: APOLLO) is a leading Indian provider of electronic, electro-mechanical, and engineering solutions, specializing in EMS, PCB fabrication, embedded software, and custom-built systems, with over 700 onboard technologies.

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.

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