Apollo Micro Systems' stock jumped again, climbing 4.5% to ₹275 on Friday, extending a six‑day winning streak.
Share price momentum
The stock has risen about 23% over six sessions and is up 14% for the week, its biggest weekly gain since early September. After a slump that wiped out 26% of its value earlier in the year, the recent rally has helped recover most of those losses.
New defence order
The company announced a fresh order worth roughly ₹1 billion from a private firm delivering to the Ministry of Defence. The contract is for unmanned aerial systems and must be fulfilled within four months.
Technology approvals
Apollo Micro received approvals from the Defence Research & Development Organisation (DRDO) for two technology transfers:
- Laser‑based Directed Energy Weapon (DEW) system.
- Electro‑optical tracking system for DEW.
These technologies add to the firm’s anti‑drone portfolio, which includes both soft‑kill and hard‑kill solutions such as rocket‑based interceptors.
Strategic expansion
Earlier this week, the company’s subsidiary IDL Explosives Limited secured a 15‑year licence to manufacture high‑energy defence explosives, widening its presence in the defence‑materials sector.
Why it matters to investors
- Strong order book and new tech approvals signal growing demand from the Indian armed forces.
- Six consecutive days of price gains have pushed the year‑to‑date rally to about 135%.
- The stock has delivered over 1,000% returns in three years and more than 2,000% in five years, making it one of the market’s top wealth creators.
Remember, this is perspective, not a prediction. Do your own research and consider consulting a certified financial adviser before making any investment decisions.