Small-cap defence stock Apollo Micro Systems drops 2%; is it an opportunity to buy?

Small-cap defence stock Apollo Micro Systems dropped by 2 per cent in intraday trade on the BSE on Thursday, November 13, in an otherwise positive market. Apollo Micro Systems share price opened at 281.65 against its previous close of 281.65 and dropped 1.9 per cent to an intraday low of 276.35. However, the stock pared losses and traded 0.04 per cent lower at 281.55 around 1:55 pm. Equity benchmark Sensex was 0.40 per cent up at 84,792 at that time.

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