Defence Multibagger Alert! AMS Stock Ends Higher on Indian Navy Project Update

Multibagger Alert: Shares of Apollo Micro System ended higher on Friday after the defence player announced completion of its supply of high-end devices to the Indian Navy. The company has handed over its indigenously designed and developed Safety & Detonation Device (SDD) to the Indian Navy.

Apollo Micro Systems stock closed 3.14% higher at Rs 388.95 per share on BSE with a market capitalisation of Rs 14,453.36 crore. The stock had touched an intraday high mark of Rs 392.80 per share and an intraday low mark of Rs 377.00 per share.

Business Update

Apollo Micro Systems, on Friday, announced the formal handing over of its indigenously designed and developed Safety & Detonation Device (SDD) to the Indian Navy.

The company handed over the device to the Indian Navy during a ceremony joined by Rear Admiral Rupak Barua, VSM, Director General of Naval Inspection (DGNAI), Indian Navy, alongside senior officers of the Indian Navy and the leadership team of Apollo Micro Systems Limited on 30th July 2026.

"The handing over of the SDD marks the successful culmination of a rigorous design, development, qualification and validation journey and stands as a proud testimony to what Indian industry can deliver when entrusted with the most safety-critical elements of a weapon system," stated the firm in its press release.

The safety arming device is among the most critical and unforgiving sub-systems of any modern munition. It is a crucial shield between a weapon and its target, ensuring that ordnance remains absolutely safe through storage, handling, transportation and launch. The Safety Arming Device will ensure the safety of the platform and its crew while ensuring the assured performance of the weapon at the moment.

Apollo Micro Systems Share Price Trend

The stock hit its 52-week high mark of Rs 466.70 per share on July 3, 2026. The stock dipped to its 52-week low mark of Rs 167.15 per share on July 31, 2025. It has a return on equity (ROE) of 14.21%. Its share price value has surged 41% in 2026 so far and around 226% in two years.

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