2024-07-18 10:53:33
New Delhi: The stock of Apollo Micro Systems, a smallcap company in the defense sector, got stuck in an upper circuit of 5% as soon as the market opened today. The company has received several orders from the Indian Army. The stock closed at Rs 104.60 in the last session on BSE and opened at Rs 109.80 today. Its 52-week high is Rs 161.75 and lowest level is Rs 52.05. The company told the exchange last Friday that it has received an order from the Army for drone systems. This defense and aerospace stock is available for trading on BSE and NSE. The stock has gained 97 percent in the last one year, while in two years it has jumped 744 percent. The company designs, develops and manufactures mission-critical electronic systems and subsystems for aerospace, defense, space and homeland security applications.
Its stock has a one-year beta of 0.7, which indicates that it has seen very little volatility during this period. Its RSI is 44.3, which indicates that it is neither in the overbought zone nor in the oversold zone. Its stock is trading above its five-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day moving averages.
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Meanwhile, domestic markets rose on Monday and Nifty reached its new all-time high while Sensex rose 290 points. The rise in global markets also strengthened the optimistic trend in the stock market. The 30-share BSE Sensex rose 290.46 points to 80,809.80 points in early trade. The NSE Nifty gained 95.85 points to a new record level of 24,598 points. Among the companies listed on the Sensex, the stock of HCL Technologies rose by more than three percent. Shares of UltraTech Cement, Tata Motors, Maruti, NTPC, Mahindra & Mahindra, Tata Consultancy Services and Kotak Mahindra Bank also made profits. Shares of Tata Steel, Asian Paints, Power Grid and Axis Bank suffered losses.