Multibagger defence stock Apollo Micro Systems skyrocketed 16% in intraday deals on Friday, 17 April, after the company received the government nod to manufacture ammunition.
The small-cap stock in an exchange filing today said, “This is to inform you that Apollo Micro Systems Limited (AMS) has been granted a License by the Government of India, Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade (DPIIT), for the manufacture of ammunitions.”
(This is a developing story. Check back for updates)