Shares of multibagger small-cap defence stock Apollo Micro Systems rallied over 5% in intraday trade on Tuesday, April 15, following the announcement of multiple order wins from entities like Defence Research and Development Organisation (DRDO) and some public and private sector firms.
The company received orders worth ₹7.52 crore from the DRDO, a public sector undertaking and a private company. Additionally, it has also been declared the lowest bidder for orders worth ₹11.48 crore from DRDO and a PSU, according to an exchange filing shared by the company today.
“We are pleased to inform you that the Company, in the ordinary course of its business, has received orders worth Rs. 7.52 crores from DRDO, Public Sector Undertaking (PSU) and a private company and has also been declared the Lowest Bidder for orders worth Rs. 11.48 crores from DRDO & PSU,” Apollo Micro Systmes said.
The company also recently announced its March 2025 quarter (Q4) business update, wherein it recorded a 19.44% year-on-year growth in standalone revenue to ₹161.76 crore.
Following the order win update, Apollo Micro Systems' share price spiked, rising as much as 5.5% to the day's high of ₹119. The stock opened at ₹115 today, but extended gains on the latest news and amid a strong trend visible in the Indian stock market today.
With today's rally, Apollo Microsystems stock has taken its one-year gain to 10.29%. On a longer time frame of five years, the multibagger defence stock has surged a whopping 2,008%, according to the data available on BSE.
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