• Source:JND

Defence Stock: The shares of Multibagger small-cap defence stock Apollo Micro Systems soared more than 7 per cent during the intraday trade on Friday after the company informed that it has received fresh order wins worth Rs 51.02 crore. The stock started the session slightly lower at 313.15 as compared to the last day's closing of Rs 314.55 on NSE. However, the defence stock picked up the gaining momentum amid buying interest on the back of an order win despite weak trends in the domestic equity market to hit an intraday high at Rs 337.80, up over 7 per cent.

Last seen, the stock was trading at Rs 325.15, up Rs 10.60 or 3.37 per cent. Meanwhile, the scrip's 52-week high and low values stood at Rs 354.70 and Rs 114.30, respectively.

Company Wins Fresh Orders

In an exchange filing today, the company informed that it received an order of Rs 17.47 crore from the Ministry of Defence, an order worth Rs 9.5 crore from public sector defence undertakings and work worth Rs 24 crore from private companies--totalling a fresh order of over Rs 51 crore.

Share Price History- 2,900% In 5 Years

According to BSE Analytics, the defence sector stock has given multibagger returns in the last five years, soaring over 2,970 per cent. In 3 years, it skyrocketed over 800 per cent; in the last two years, it jumped over 200 per cent. In a year, the scrip escalated by over 175 per cent. This year till date, the stock jumped over 47 per cent, while in the past six months, the stock rose over 50 per cent. In a week, the stock jumped over 25 per cent.

Stock Market Today

The domestic equity indices traded lower on Friday. AT the time of writing, BSE Sensex was trading at 77,312.60, down 531.92 points or 0.68 per cent. NSE's Nifty50 quoted at Rs 24,183.70, down 142.95 points or 0.59 per cent.

Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.


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