Apollo Micro Systems Share Price Jumps 11% ;Successful Limpet Mine Blast Trials for Indian Navy
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Apollo Micro Systems Completes Limpet Mine Blast Trials for Indian Navy; Strong Volume Activity.
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On Thursday, Apollo Micro Systems share price was trading at Rs 231.82, up 11.43 per cent from the previous close of Rs 208 as of 12:51 PM. The stock witnessed strong trading activity, with volumes at 2.83 crore shares compared to its 20-day average of 0.71 crore shares. The company announced the successful completion of blast trials for Limpet Mine.
Apollo Micro Systems Achieves Key Defence Milestone
Apollo Micro Systems announced that it has completed blast trials for Limpet Mines, a key underwater defence product used by naval forces.
These Limpet Mines are diver-carried mines designed for naval defence applications, and the company stated that it is the only Indian player to have successfully developed this product for the Indian Navy. The milestone strengthens the company’s position in underwater electronic warfare systems, enabling it to offer a comprehensive range of solutions across shallow water, deep water, and limpet mine categories.
The development marks a step in enhancing indigenous defence capabilities and aligns with India’s focus on self-Reliance in defence manufacturing.
Apollo Micro Systems Share Price Performance
The stock has gained 11.35 per cent over the past one month, while it declined 29.67 per cent over the last six months. Over a longer period, it has delivered a return of 109.30 per cent in one year and an exceptional 2,365.68 per cent over the past five years.
About Apollo Micro Systems
Apollo Micro Systems Limited is engaged in the design, development, and manufacturing of electronic systems and components for defence, space, and homeland security sectors. The company provides mission-critical solutions, including avionics, electronic warfare systems, and underwater defence technologies.
With a strong focus on indigenous innovation and defence electronics, the company continues to expand its capabilities across strategic segments within India’s defence ecosystem.
Apollo Micro Systems has a market capitalisation of Rs 8,359 crore. The stock has traded in a 52-week range of Rs 110.37 to Rs 354.70.
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Disclaimer: The article is for informational purposes only and not investment advice.