Investors are abuzz with the latest development in the defence sector, as Apollo Micro Systems' share price surged 5% to ₹237.85, driven by positive sentiment in the Indian stock markets. The company's subsidiary, IDL Explosives Limited, has secured an industrial licence for manufacturing high-energy defence explosives, a significant milestone that strengthens its position in the defence and industrial explosives segment.
The industrial licence, granted under the Industries (Development and Regulation) Act, 1951, allows IDL Explosives to manufacture HMX and Trinitrotoluene (TNT) with annual capacities of 50 metric tonnes and 500 metric tonnes, respectively. This development is expected to cater to both captive and external demand for high-energy materials, aligning with India's focus on reducing import dependence in strategic sectors.
Karunakar Reddy Baddam, Managing Director of Apollo Micro Systems Limited, commented, "This represents a significant strategic milestone for Apollo Micro Systems, allowing us to meet the needs of both industrial and defence explosives." The licence is seen as a validation of the company's technical expertise, operational excellence, and adherence to the highest safety and quality standards.
Apollo Micro Systems has given multibagger returns, rallying 136% in the last 1 year and 25% in the past 6 months. Although the stock has been under pressure recently, down 31% in the last 3 months and 15% in the last 1 month, it has jumped by a whopping 1,770% over the past five years.
The stock hit its 52-week high of ₹354.65 in September 2025 and its 52-week low of ₹92.50 in December 2024.
Remember, this is a perspective, not a prediction. Please consult with an investment advisor before making any investment decisions.
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