Apollo Micro Systems Share Price Today
Apollo Micro Systems opened at an intraday low of ₹243.25 on the BSE but quickly climbed to a high of ₹271.60, closing with strong gains.
In the last 22 trading sessions, the stock has already rallied over 67%, fueled by strong investor sentiment and a series of positive developments.
DRDO Agreement Boosts Defence Stock
The defence manufacturer announced two major milestones:
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Authorization as production agency for MIGM – Vighana
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Technology transfer (ToT) of the Omni-Directional multi-EFP warhead for the NASM-SR missile
These agreements are expected to strengthen Apollo Micro Systems’ position in India’s expanding defence and aerospace manufacturing sector.
Analysts Warn of Overheated Zone
Despite the rally, market experts caution that the stock may be entering an overheated zone.
Anshul Jain, Head of Research at Lakshmishree, noted:
“Immediate support is placed at ₹240. A breach below this level could trigger profit booking, signaling the end of the short-term uptrend.”
Heavy trading volumes in recent sessions suggest a near-term cap on upside potential, prompting traders to remain cautious.
Apollo Micro Systems Q1 Results
The company’s fundamentals remain strong:
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Net profit (Q1 FY25): ₹17.68 crore (vs. ₹8.42 crore YoY)
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Total income: ₹134.45 crore, up 46.5% YoY
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Capital raised: Over ₹416 crore through preferential allotment of equity shares and convertible warrants in June
The robust financial performance has supported investor confidence, adding momentum to the share price rally.
About Apollo Micro Systems
Headquartered in Hyderabad, Apollo Micro Systems provides technology-driven solutions across defence, aerospace, transportation, and infrastructure. Its recent collaboration with DRDO strengthens its role as a key contributor to India’s defence modernization initiatives.
Should You Buy Apollo Micro Systems Stock?
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Short-term view: The stock appears overheated after a 67% rally in just 22 sessions. A pullback to the support level of ₹240 cannot be ruled out.
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Long-term view: With strong earnings growth, new defence contracts, and capital infusion, Apollo Micro Systems remains a promising play in India’s defence stocks sector.