Multibagger Defense Company Apollo Micro Systems Ltd secured a huge order worth RS 50,97,00,000. As per the agreement Apollo Micro Systems will supply defence products and execution of security solutions.
Defense Company Apollo Micro Systems Order Details
Talking about Apollo Micro Systems Order Details, the company received an order worth Rs 50.97 crore for supplying defence products and security solutions from private companies. Earlier the company collaborated with Redon technologies to use their manufacturing skills to produce Loitering Munition and related technologies, such as Containerized Automatic Landing Modules.
A five year memorandum of understanding (MoU) was made between Apollo Micro Systems (AMS) and Garden Reach Shipbuilders & Engineers Limited (GRSE) to increase production and export electronic systems and focus on underwater and air defense technologies and advanced weapons.
Apollo Micro Systems Share Price
The shares of Apollo Micro Systems witnessed a 0.59% gain and closed at Rs 120.96 on Thursday, February 13. During the trading session, it touched a high of Rs 124.40 and low of Rs 119.76. The 52-week high of this stock is Rs 157 at the same time 52-week low of this stock is Rs 87.99.
The shares of Apollo Micro Systems Ltd have delivered Multibagger returns nearly 900% in the last three years to shareholders. It has given more than 1,433% in the last one year. The stock price has rallied from Rs 8 to Rs 121.
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About the Company
The company was established in 1985 Apollo Micro Systems Limited is a leading defence company that is well known for supplying defence products. The company’s main business engaged in producing high-end defence Electronics products. Moreover, the company also develops and designs the products.
Fundamental Analysis
The market cap of the company currently stands at Rs 3,719.25 crore. The ROE and ROCE are 7.49% and 12.02% respectively. It has shown a healthy sales and profit growth in the last year.
If we talk about the shareholding pattern of the company, the promoters have a majority stake of 55.12% in this company, DII hold 0.87% and FII hold 0.74% while the remaining 43.88% stake is held by public shareholders.
Apollo Micro Systems Share Price Target
Mahesh M. Ojha, AVP, Research at Hensex Securities has set a target price of Rs 185 for Apollo Micro Systems shares in the medium term. The Analyst said that Apollo Micro Systems currently trades in the range of Rs 118 to Rs 142. If the stock breaks Rs 142 mark and closes above it then, a further upside will push the stock price to Rs 155 in the short-term. If the stock sustains above Rs 155 level then it could further rise to Rs 175 and Rs 185 in the medium term.
Apollo Micro Systems Share Price,Should You Buy Apollo Micro Systems Shares?
Mahesh M Ojha said that fresh buyers can buy this stock at the current price level and also adopt a buy-on-dips strategy. Shareholders who already hold the stock should maintain a stop loss at Rs 115.
FIIs Bought 16,62,374 Shares
In the December quarter FIIs bought 16,62,374 shares of Apollo Micro Systems, which represents 0.74% from 0.19% September 2024.
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