Introduction:
Leading defense technology company has entered into a consortium agreement with Redon Systems Pvt Ltd. The collaboration aims to manufacture advanced loitering munition systems and allied technologies, contributing to India’s self-reliance and strengthening its position in the defense sector.
Also Read: Cable stock under ₹20 jumps 10% after receiving order worth ₹51.06 Cr from MSEDCL
Share price movement of Apollo Micro Systems:
On February 6, 2025, Apollo Micro Systems Ltd opened at ₹130.70, up 1.98% from its previous close of ₹128.20. The stock reached a high of ₹134.90 (5.24%) and a low of ₹129.20. By 11:02 AM, it traded at ₹131.00, a 2.18% increase, with a market cap of ₹4,015.01 crore.
Apollo Micro Systems Forms Defense Consortium:
Apollo Micro Systems Limited has announced a consortium agreement with Redon Systems Pvt Ltd to jointly manufacture Containerized Automatic Landing Module systems. This collaboration combines the strengths of both companies in the defense manufacturing sector.
Redon Systems, known for its expertise in loitering munition systems, has successfully demonstrated its products to the Indian Armed Forces. The partnership aims to leverage both companies’ manufacturing capabilities for the production of advanced loitering munitions and allied systems.
This strategic partnership enhances Apollo Micro Systems’ position in the defense sector. The joint venture is expected to play a significant role in fulfilling defense manufacturing requirements and contributing to India’s self-reliance in critical defense technologies.
Recent news on Apollo Micro Systems:
As of February 04, 2025, Apollo Micro Systems Ltd reported an 83.5% rise in net profit for the October-December period, reaching ₹18.3 crore. The company’s revenue surged 62.5% to ₹148 crore, reflecting strong operational growth.
Stock performance of Apollo Micro Systems for Period of 1 week, 6 months and 1 year:
Apollo Micro Systems Ltd has seen a -1.86% decline over the past week, but a positive 13.8% return over the last six months. Despite a slight dip of -0.11% over the past year, the company shows growth potential in the medium term.
Also Read: Ambani stock jumps 8% after reporting 103.7% YoY increase in net profits
Shareholding pattern of Apollo Micro Systems:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 55.10% | 55.10% | 55.10% |
| FII | 0.70% | 0.20% | 7% |
| DII | 0.90% | 0.90% | 0.00% |
| Public | 43.30% | 43.80% | 37.50% |
About Apollo Micro Systems:
Apollo Micro Systems Ltd (NSE: APOLLO) is a leader in electronic and electro-mechanical solutions, specializing in EMS, PCB fabrication, embedded software, and hardware design. The company is involved in over 150 indigenous programs, offering comprehensive design, development, and manufacturing services.
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.
