Multibagger Defence Stock Hits Fresh 52-Week High After Key Partnership for Indigenous Rocket Motor Production

On Friday, shares of the multibagger defence company jumped 6.26 per cent to Rs 316 per share from its previous closing. The stock has hit a new 52-week high of Rs 321.70 per share and has its 52-week low of Rs 88.10 per share. The stock is up over 260 per cent from its 52-week low of Rs 88.10 per share.

Apollo Strategic Technologies Private Limited (ASTPL), a step-down subsidiary of Apollo Micro Systems Limited, has entered into a significant Memorandum of Understanding (MoU) with Dynamic Engineering and Design Incorporation, USA. The MoU was signed at DSEI London on September 10, 2025, and focuses on technology transfer, co-development, and potential licensed production of rocket motors for BM-21 Grad ER and Non-ER rockets.

This collaboration is aimed at indigenizing propulsion technologies for multi-barrel rocket systems, supporting India’s strategic initiative of self-reliance in critical defence systems under the “Make in India” program. Apollo Group has already demonstrated its capabilities by successfully developing the 122 mm rocket warhead, and with this partnership, the company plans to commence immediate trials with full-scale production targeted by mid-2026.

The integration of domestically produced rocket motors with indigenously developed warheads marks a milestone for India’s private defence manufacturing sector. BM-21 Grad rockets, widely used globally, are 122 mm artillery rockets deployed in multi-barrel rocket launchers (MBRL) such as the BM-21 system. Known for area saturation and suppression missions, these rockets offer rapid-fire capability and a range of up to 40 km, with proven battlefield effectiveness.

Rocket motors, comprising the propellant, casing, nozzle, and ignition system, are critical for determining the range, stability, thrust, and accuracy of artillery rockets. Domestic production of rocket motors is strategically important as it promises to reduce import dependency, lower lifecycle costs, enhance strategic autonomy, enable rapid production scaling, and support life cycle management and refurbishment.

The ultimate goal of the MoU is to create a co-production ecosystem in India, enabling full-scale indigenous manufacturing of rocket motors and complete rocket systems. This positions the Apollo Group among the private Indian companies capable of delivering fully in-house developed rocket systems, strengthening India’s presence in the global defence supply chain and contributing to the Government of India’s vision of self-reliance in defence production.

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.