Defence stock rockets over 3% after signing mou with Dynamic Engineering and Design Incorporation, USA

On Thursday, shares of the multibagger defence company jumped 3.88 per cent to Rs 294 per share from its previous closing of Rs 283 per share. The stock has a 52-week high of Rs 320.75 per share and its 52-week low is Rs 88.10 per share. The stock is up over 230 per cent from its 52-week low of Rs 88.10 per share.

Apollo Strategic Technologies Private Limited (ASTPL), a subsidiary of Apollo Defence Industries Private Limited, has signed a Memorandum of Understanding (MoU) with Dynamic Engineering and Design Incorporation- United States of America. The agreement, signed at DSEI London on September 10, 2025, is for the technology transfer, co-development, and licensed production of Rocket Motors for BM-21 Grad ER and Non-ER Rockets. This strategic move aims to enhance India's self-reliance in critical defence systems, aligning with the Make in India initiative.

This collaboration is a significant step toward indigenizing propulsion technologies for multi-barrel rocket systems. The Apollo Group has already successfully developed its own 122mm rocket warhead. By integrating this in-house developed warhead with domestically produced rocket motors from this new partnership, the company aims to establish full-scale production by mid-2026. This marks a major milestone for India's private defence manufacturing sector.

The BM-21 Grad rocket system is a widely used 122mm artillery rocket known for its rapid-fire capability and effectiveness in area saturation missions. The rocket motor is the most critical component, as it determines the rocket's range, stability, and accuracy. By producing these motors domestically, India can reduce its dependency on imports, lower costs, and achieve greater strategic autonomy in defence production.

With this initiative, the Apollo Group is poised to become one of the few private Indian companies to offer a fully in-house developed rocket system of this caliber. This will strengthen India’s position in the global defence supply chain and contribute to the Government of India's vision of self-reliance in defence production. The MoU is designed to create a co-production ecosystem in India to support the indigenous manufacturing of complete rocket systems.

About the Company

Established in 1985, Apollo Micro Systems is at the forefront of creating, constructing, and validating crucial electronics and electromechanical solutions for sectors such as aerospace, defence, and space. The company is renowned for its commitment to research and development, resulting in notable projects such as torpedo-homing systems and underwater mines.

The company falls under the BSE Small-cap Index with a market cap of over Rs 9,000 crore. In June 2025, FIIs bought 2,10,22,112 shares & DIIs bought 42,40,713 shares and increased their stake to 7.16 per cent and 1.61 per cent, respectively, compared to March 2025. The stock gave multibagger returns of 420 per cent in just 2 years and a whopping 2,440 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.