1:10 Stock Split: This Multibagger Aerospace Company Shares Soar; Stock Zooms 350% In 12 Months

Hyderabad-based defense company, Apollo Micro Systems, is making waves in the stock market with healthy financial performance and ambitious expansion plans. On Monday, the company's shares hit an upper circuit, reaching Rs 140.55 and marking a 5% surge, with investors eyeing the stock's recent stellar returns.

In the last five days alone, Apollo Micro Systems has rewarded investors with a 13% return. Looking back over the past month, the company's shares have yielded a 20% return, while the last six months have seen a 155% surge, starting from the level of Rs 55.

Apollo Micro Systems Limited (AMSL), a defence player with a market capitalization of Rs 3,970 crore, has been catching the attention of investors, both domestic and foreign. Foreign investors have been consistently increasing their stake in the company, signalling a strong vote of confidence in its growth trajectory.

The company has announced a significant move by planning to set up a new manufacturing facility in Hyderabad, backed by a substantial investment of Rs 210 crore. The objective behind this ambitious venture is to focus on the production of missiles and their sub-systems. Additionally, the facility will engage in Maintenance, Repair, and Overhaul (MRO) work on weapons.

To fund this expansion, Apollo Micro Systems secured a Rs 100 crore loan from the State Bank of India, reflecting the financial community's trust in the company's growth prospects. The move is in line with Apollo Micro Systems' strategic position in the market as a manufacturer of electronic hardware and software for prominent defence entities such as DRDO, DPSU, and others.

Founded in 1985, Apollo Micro Systems initially focused on electronic hardware and software for DRDO, DPSUs, and various other defence sector players. Over the years, the company has evolved and expanded its offerings to provide complete platform-level solutions. This includes a range of systems and subsystems for electronic hardware and software, catering not only to defence but also to sectors such as underwater mines, railways, automotive, and homeland security.

As of 3:05 pm on the National Stock Exchange (NSE), Apollo Micro Systems shares were trading at Rs 140.55, enjoying a 5% gain. The stock has experienced a surge of approximately 350% over the past year.