Introduction:
Leading defense technology company has signed strategic MoUs to develop advanced air-defense systems and defense solutions. These partnerships aim to enhance military capabilities, foster innovation, and support domestic and international markets with cutting-edge defense technologies..
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Share price movement of Apollo Micro Systems:
On February 11, 2025, Apollo Micro Systems Ltd opened at ₹124.15, slightly lower than its previous close of ₹125.05. The stock touched a high of ₹125.05 before declining to a low of ₹118.35. By 3:28 PM, it traded at ₹118.35 with a market cap of ₹3,627.30 crore.
Apollo Micro Signs MoUs for Defense Collaboration:
Apollo Micro Systems Limited has signed an MoU with Troop Comforts Limited for a strategic partnership in developing advanced air-defense systems. The collaboration focuses on joint manufacturing, marketing, and development of Anti-Drone and Anti-Aircraft solutions for defense forces, paramilitary units, and security agencies.
The company has also formally exchanged an MoU with Munitions India Limited to develop defense systems for domestic and international markets jointly. This partnership aims to enhance military capabilities by leveraging advanced technologies and strengthening India’s self-reliance in defense production.
These collaborations reinforce Apollo Micro Systems’ commitment to national security advancements. The agreements will support the development of cutting-edge defense solutions, catering to Indian armed forces, government agencies, and export markets.
Recent news on Apollo Micro Systems:
As of January 30, 2025, Apollo Micro Systems Limited signed an MoU with Garden Reach Shipbuilders & Engineers Ltd for joint development of advanced defense systems, including underwater weapons, air defense solutions, and communication systems, catering to domestic and international security needs.
Stock performance of Apollo Micro Systems for Period of 1 week, 6 months and 1 year:
Apollo Micro Systems Ltd recorded a 2.69% decline over the past week, while its six-month performance showed a strong 17.2% gain. Over the past year, the stock rose 8.70%, reflecting steady long-term growth despite short-term fluctuations.
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Shareholding pattern of Apollo Micro Systems:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 55.10% | 55.10% | 55.10% |
| FII | 1% | 0.20% | 7% |
| DII | 0.90% | 0.90% | 0.00% |
| Public | 43.30% | 43.80% | 37.50% |
About Apollo Micro Systems:
Apollo Micro Systems Ltd (NSE: APOLLO) specializes in designing, developing, and manufacturing electronic and electro-mechanical solutions. It provides EMS, PCB fabrication, embedded software, and hardware design, contributing to over 150 indigenous programs and 60 DcPP programs in India’s defense and aerospace sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
