- By Aditya Pratap Singh
- Wed, 20 May 2026 11:21 AM (IST)
- Source:JND
Defence Stock: The shares of Apollo Micro Systems, a defence sector company, continued their gaining momentum for the third consecutive day, rising over 7 per cent in early trade to hit a fresh record high or 52-week high at Rs 369.40 on NSE. The recent rally in the stock was driven by strong Q4 earnings reports.
The defence stock started the session in green at Rs 340.75 as compared to the last day's closing of Rs 340.70 on NSE despite a sell-off in the stock market. Witnessing the sustained buying interest, Apollo Micro System shares rose over 7 per cent to hit a fresh 52-week high. At the time of writing, the stock was trading at Rs 361.85, up Rs 21.15 or 6.33 per cent.
The defence stock has been following an upward momentum this week. In the last 5 trading sessions, the stock jumped over 18 per cent. Meanwhile, its 52-week low stood at Rs 133.31 on NSE.
Q4 Results
In an exchange filing, the company said that its net profit jumped to Rs 38 crore for Q4FY26 from Rs 14 crore in the corresponding quarter last year-- a surge of nearly 171 per cent.
Meanwhile, its revenue grew 81% year-on-year to Rs 293.2 crore from Rs 161.8 crore.
Earlier in April, the company received licenses from the Indian government to manufacture several advanced defence weapon systems and ammunition.
Share Price History- 160% Return In Yrs
The defence stock has been a multibagger. The stock soared by over 2,950 per cent in the last five years. In a year the shares rose over 160 per cent and in lats six months the stock jumped nearly 30 per cent. This year till date, the defence stock jumped over 30 per cent, and in the last 5 days, the stock is up nearly 15 per cent.
Stock Market Today
The domestic stock indices traded lower amid weak global cues due to elevated crude prices and rising US bond yields. The BSE's 30-share index--Sensex--plummeted over 650 points in opening trade to a low of 74,529.41 as compared to last day's closing of 75,200.85.
However, the index recovered some of its losses soon amid buying in IT heavyweights. At the time of writing, the Sensex was trading at 74,891.77, down 309.08 points or 0.41 per cent. Nifty50 quoted at 23,525.30, down 92.70 points or 0.39 per cent.
Meanwhile, the rupee declines 20 paise to 96.90--a fresh all-time low--against the US dollar in early trade.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.