Multibagger Defence Stock: Apollo Micro Systems shares hit upper circuit
The counter opened the gap up with a gain of 4.63 per cent today and went on to hit the day's high of 147.50.
Apollo Micro Systems shares on Tuesday jumped 5 per cent to hit an upper circuit of Rs 147.50 apiece. Also, today is the second consecutive day when the stock has hit the day's upper circuit band. Earlier on Thursday, the stock had hit the upper circuit limit at Rs 129.25.
The counter opened the gap up with a gain of 4.63 per cent today and went on to hit the day's high of 147.50.
The stock has been gaining for the last 5 days and has risen 15.18 per cent in the period.
On technical parameters, shares of Apollo Micro System, which has a market cap of Rs 3,995, are trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
The shares have delivered a multibagger return of 160 per cent in the past six months. In the last one year, the counter has surged 395 per cent, resulting in wealth gain for investors.
Earlier, Apollo Micro Systems Ltd (AMSL) - which offers technology-based solutions in sectors like infrastructure, transportation and aerospace - reported around a 35 per cent rise in its net profit at Rs 10 crore in the December quarter of the current fiscal.
It had posted a net profit of Rs 6.60 crore during the third quarter of FY24, the company said in a BSE filing on Saturday.
The company's total income rose to Rs 91.84 crore from Rs 82.69 crore year on year. Its expenses were at Rs 77.46 crore during the quarter as against Rs 71.73 crore in the third quarter of last fiscal.
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03:49 PM IST