Multibagger defence stock Apollo Micro Systems shares surged more than 7% on Friday, 8 May, after the company announced fresh order wins worth ₹51.02 crore in the ordinary course of business.
According to the company’s filing, the orders include contracts worth ₹17.47 crore from the Ministry of Defence, ₹9.52 crore from public sector defence undertakings, and ₹24.01 crore from private companies.
The order inflow boosted investor sentiment, with the market reacting positively to the company’s continued traction in the defence and aerospace segment.
(more to come)