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Defence stock jumps 12% after it receives order worth ₹6 Cr from Ministry of Defence

Defence stock wins ₹6 crore from the Ministry of Defence and ₹12.07 crore in private orders, emerging as the Lowest Bidder, boosting growth, diversification, and market position.
Defence stock wins ₹6 Cr crore in orders, strengthening growth, diversification, and position.

Introduction:

Defence stock received a ₹6 crore order from the Ministry of Defence, it emerged as the Lowest Bidder and also secured ₹12.07 crore in private sector orders. These developments boost growth, enhance diversification, and strengthen its position in the defence industry.

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Share Price movement of Apollo Micro Systems:

On February 19, 2025, Apollo Micro Systems Ltd opened at ₹106.10, reaching a high of ₹120.00, up 12.79% from its previous close of ₹106.05, and a low of ₹105.00. Currently, it is trading at ₹119.61, with a market cap of ₹3,665.92 crore.

Apollo Micro Systems new order:

Apollo Micro Systems Limited has secured orders worth ₹12.07 crore from a private company, strengthening its business portfolio. Additionally, the company has been declared the Lowest Bidder for orders worth ₹5.97 crore from the Ministry of Defence, reinforcing its role in the defence sector.  

This update reflects Apollo Micro Systems’ continued growth and expanding presence in key industries. Winning defence-related bids enhances its credibility, while private sector orders contribute to business diversification. These developments align with the company’s strategy to secure high-value contracts and strengthen its market position.

Also Read: Drone stock jumps after it receives order worth ₹1.34 Cr for aerial survey and data processing

Recent news About Apollo Micro Systems :

In Q3 FY25, the company reported a consolidated net profit of ₹18.26 crore, an 83.33% increase from ₹9.96 crore in Q3 FY24. Sales also rose by 62.46% to ₹148.39 crore during the same period. 

Stock performance of Apollo Micro Systems for Period of 1 week, 6 months and 1 year:

Apollo Micro Systems’ stock declined by 11.8% over the past week, reflecting short-term volatility. Over six months, it showed slight growth of 0.75%, indicating stability. However, the one-year performance saw a 13.2% decline, highlighting ongoing challenges and fluctuations in its market valuation.

Also Read: Infra stock jumps 4% after receiving redevelopment project with GDV of ₹740 Cr in Malad West

Shareholding pattern of Apollo Micro Systems:

All values in %Dec-24Sep-24Jun-24
Promoters55.1255.1255.12
FII0.740.197.42
DII0.870.870
Retail & others43.2943.8237.46
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About Apollo Micro Systems:

Apollo Micro Systems is a leading defence and aerospace technology company specializing in electronic systems, weapon integration, and avionics solutions. It provides advanced engineering services to the defence sector, catering to mission-critical applications for the Indian Armed Forces and other strategic industries.
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.

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