Defence Stock Locked in Upper Circuit as Board Allots 11,696 Equity Shares to Piyush Bhupendra Gala
DSIJ Intelligence-1Categories: Multibaggers, Trending
The stock gave multibagger returns of 970 per cent in just 3 years and a whopping 2,100 per cent in 5 years.
On Tuesday, shares of the multibagger Defence company hit a 5 per cent Upper Circuit to Rs 262.15 per share from its previous closing of Rs 249.70 per share. The stock has a 52-week high of Rs 354.65 per share and its 52-week low is Rs 92.50 per share. The stock is up by 183 per cent from its 52-week low of Rs 92.50 per share.
Apollo Micro Systems Ltd has approved the preferential allotment of 11,696 equity shares (face value Re 1) to a single investor, Mr Piyush Bhupendra Gala, following the conversion of an equivalent number of warrants at an exercise price of Rs 85.50 per warrant. This transaction, totalling approximately Rs 10 lakh, has increased the company's paid-up share capital to Rs 35,72,92,440. To date, 2,37,59,986 warrants have been converted out of the original 3,80,67,058, with any unexercised warrants set to lapse and have their initial deposits forfeited if not converted within 13 months of allotment.
About the Company
Apollo Micro Systems Limited, a 40-year-old pioneer in defence technology, specialises in the design, development and manufacture of advanced electronic, electro-mechanical and engineering systems. With multi-domain, multidisciplinary capabilities and robust infrastructure, the company is equipped to build cutting-edge defence technologies and produce them at scale for national strategic needs
Apollo Micro Systems Limited (APOLLO) announced its Q2FY26 standalone and consolidated results, showing exceptional momentum. The company delivered a historic high quarterly Revenue, surging 40 per cent YoY to Rs 225.26 crore, up from Rs 160.71 crore in Q2FY25, driven by robust order execution. Operational excellence was clear as EBITDA grew 80 per cent to Rs 59.19 crore, with the margin expanding by 600 basis points to 26 per cent. This translated strongly to the bottom line, with Profit After Tax (PAT) soaring 91 per cent YoY to Rs 30.03 crore and the PAT margin improving to 13.3 per cent. These results underscore the company’s strategic focus and its strengthened position in the defence ecosystem, bolstered by investments in indigenous technologies and alignment with national priorities like Atmanirbhar Bharat.
The company is part of the BSE Small-Cap Index, with a market cap of over Rs 8,700 crore. The stock gave multibagger returns of 970 per cent in just 3 years and a whopping 2,100 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.