2023-12-30 16:04:03
Shares of Apollo Microsystems Ltd surged 5 percent in Friday’s trading session, reaching a value of Rs. 114.20, up from their previous close of Rs. 108.80. This increase comes amidst a 52-week high of Rs.161.75 and a 52-week low of Rs.24.63 for the company’s shares. The stock has risen more than 2 times on BSE and is part of the BSE Small-Cap index with a market capitalization of over Rs 3,000 crore. The stock has given impressive returns over the past year, with multipacker returns of 315 percent, while the BSE Small Cap Index has gained 48 percent and the stock has gained 840 percent in 3 years.
In addition, Apollo Microsystems Ltd is set to allot 98,85,070 warrants after December 5, with the debenture allocation group of the company being converted into 10 shares each after the stock split, amounting to Rs.35,89,54,740 after disaggregation.
The company has also made significant strides in the defense sector, receiving orders worth Rs 20.76 crore from the Ministry of Defence, including confirmed orders and lowest bid tenders. These orders underscore the company’s ongoing involvement in the defense sector. Additionally, Apollo Microsystems Ltd has successfully secured orders worth Rs.15.82 crore from a private company.
Despite these positive developments, it is important to note that this article is for informational purposes only and is not intended as investment advice. It is crucial for investors to conduct thorough research and consider their own financial situation before making any investment decisions.
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