Multibagger Defense Stock: Shares of multibagger defense stock Apollo Micro Systems gained more than 2 percent on Friday. With this, the stock rose by 2.58 percent to the level of Rs 273.35 per share on BSE.
Why did the shares rise?
In fact, the company has announced to receive orders from DRDO as well as many government and private companies in the defense sector. Due to this the shares have gained. Apollo Micro Systems said that it has received orders worth Rs 11.02 crore from Defense Research and Development Organization (DRDO), Rs 22.57 crore from government companies and Rs 50.8 lakh from private companies. In a regulatory filing on November 7, Apollo Micro Systems had said that the company had received orders worth a total of Rs 34.096 crore.
Performed well in September quarter
At the beginning of the week, Apollo Micro Systems announced its second quarter results. During this period, the company saw significant growth in its net profit and revenue. In the September quarter, the company’s net profit jumped by 98.15 percent to Rs 31.11 crore as compared to Rs 15.7 crore in the same quarter last year.
In Q2FY26, the company’s revenue increased by 40.2 percent from Rs 160.70 crore to Rs 225.3 crore. The credit for this is being given to fast disposal of orders and adoption of high-value system in production. At the operating level, EBITDA increased by 82.7 percent year-on-year to Rs 59.59 crore. Margin has also improved compared to last year’s 20.29 percent, which is now 26.45 percent.
Stock rose 2300 percent in five years
The share prices of Apollo Micro System have fallen by 19 percent in a month, but it has also seen a rise of 50 percent in the last months. Whereas its shares have risen by 127 percent in six months. At the same time, the stock has gained 166 percent in the last one year. Apollo Micro System shares have given multibagger returns of 2300 percent in the last five years.
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