Apollo Micro Systems Share Price Rallies 5%: Multibagger Defence Stock Up 30% This Week, Hits 52-Week High

Apollo Micro Systems' share price witnessed a strong rally this week, surging by nearly 30%. On Thursday alone, the stock jumped close to 10%, hitting a new 52-week high during the trading session. The rally followed a significant announcement by the company regarding a major export order. The stock opened at Rs 183.95 apiece on the Bombay Stock Exchange (BSE) and reached an intraday high of Rs 193.55, before touching a low of Rs 182.40.

Apollo Micro Systems' Share Price Today

APOLLO • NSE: As of 12:57 PM on 29 May, shares of Apollo Micro Systems Ltd were trading at Rs 186.45 on the NAtional Stock Exchange (NSE), marking a gain of Rs 9.14 or 5.15% for the day. During recent trading, the stock touched a 52-week high of Rs 193.74, while its 52-week low stands at Rs 87.99.

The Hyderabad-based defence and aerospace firm revealed that it has received an export order worth USD 13.36 million, approximately Rs 113.81 crore. The project involves the development of an advanced avionics system intended for both civil and military aircraft. In its stock exchange filing, Apollo Micro Systems (AMSL) stated that, due to the confidential nature of the work, technical and programme-specific information is restricted under a Non-Disclosure Agreement (NDA) with the client.

AMSL is known for providing technology-driven solutions across sectors such as infrastructure, transportation, aerospace, and defence. This new order reinforces its growing presence in the global defence tech space.

Should You Buy, Sell, or Hold Apollo Micro Systems Stock? Get Expert's View

Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, commented on the recent surge, stating that Apollo Micro Systems shares have had a spectacular run this week. Despite the bullish momentum, technical indicators suggest the stock is in an overbought zone. Bhosale advises traders to hold existing long positions but avoid entering fresh longs at the current levels. He identifies strong support in the Rs 165-Rs 170 range, and notes that if the stock dips towards this level, it may offer a good buying opportunity. On the upside, he places immediate resistance at Rs 205.

Apollo Micro Systems Q4 Results Highlights

In its Q4 FY24 results, Apollo Micro Systems reported a consolidated net profit of Rs 14 crore, an 8% increase compared to Rs 12.9 crore in the same quarter of the previous year. The company's operational revenues rose by 19% year-on-year, reaching Rs 161.7 crore, up from Rs 135.4 crore.

Managing Director (MD) of AMS, Baddam Karunakar described FY25 as a pivotal year, highlighting it as the company's best performance to date. AMSL recorded a total revenue of Rs 562.07 crore, marking an impressive 51.24% year-on-year growth.

MD Karunakar also reported that EBITDA stood at Rs 132 crore, a 54% increase from the previous year. The company maintained a solid EBITDA margin of 23.5%, driven by a strong order book, successful execution of key defence programs, and the smooth transition of several high-value products into full-scale production.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.