Multibagger defence stock Apollo Micro Systems hits record high, jumps 12% on THIS order win update
The BSE Smallcap stock gained for the second straight session, rising as much as 24% in just two days. Meanwhile, in May alone, Apollo Micro Systems shares have rallied over 46% amid a strong surge in defence counters.
Apollo Micro Systems stock opened at ₹ 157.15 apiece, slightly higher than its last close of ₹ 155.80 per share. However, as the session progressed, the stock surged to the day's high of ₹ 175, also its 52-week high level, recording gains of 12%.
This sharp rally can be attributed to a ₹ 113.81 crore export order that Apollo Micro Systems announced receiving today.
'Apollo Micro Systems Limited, in the ordinary course of its business, has received an export order valued at USD 13,366,500 (equivalent to approximately INR 113.81 crores) for the development of an Avionic System,' the company said in a filing today.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
3 minutes ago
- Business Standard
Platinum Industries Joins 2025 Barclays Hurun India List of Most Valuable Family Businesses
VMPL Mumbai (Maharashtra) [India], August 18: Platinum Industries Ltd., one of India's most respected family-run manufacturers in the chemical manufacturing sector, is proud to announce its inclusion in the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List. This marks the first time Platinum has been featured on this prestigious platform, which honours the nation's most valuable family enterprises. The annual list, now expanded to 300 families with 100 new entrants this year, showcases the strength and influence of Indian family businesses. Together, these companies control an astounding USD 1.6 trillion (INR 134 lakh crore) in value, a figure that exceeds the combined GDP of Turkey and Finland and generated INR 7,100 crore in value every day over the past year. Speaking on the achievement, Mr. Krishna Dushyant Rana, Chairman & Managing Director, Platinum Industries, said, "Being featured on the 2025 Hurun India list of most valuable family businesses for the first time is a proud moment for Platinum Industries. Parul Rana and I have strived to ensure that our growth is not just measured in numbers, but in the values, we uphold and the trust we build. This recognition reaffirms our belief that family-led enterprises can build global-scale businesses by staying true to their core values while embracing innovation, and building a legacy that future generations will be proud of." Founded in 1984 by Mr. Dushyant Rana as a trading business, Platinum Industries entered a new era in 2016 under the leadership of Chairman and Managing Director Krishna Dushyant Rana. The strategic pivot from trading to manufacturing that year positioned the company for rapid growth, making it one of the largest PVC stabilizer players in India by sales, as reported by CRISIL. The company's trajectory since then has been marked by a series of significant milestones. In its first year under the new leadership, Platinum Industries introduced lead-free stabilizers, a move that not only addressed growing environmental concerns but also set new industry benchmarks for sustainability and health safety. This development played a crucial role in shaping market standards and enhancing customer preferences towards safer and more sustainable products. The establishment of a full-fledged R & D centre in Palghar in 2019, staffed with global talent, further strengthened its product innovation and technical excellence. In 2022, Platinum Industries' strategic roadmap for global dominance took form when it acquired land for a new stabilizer plant in the Suez Canal Economic Zone (SCZONE) in Egypt. This facility, projected to have a capacity of 60,000 TPA, is designed to meet growing international demands, significantly enhancing the company's logistical efficiencies and market penetration. In 2024, Platinum Industries became one of the first in its sector to list publicly, with an IPO valued at USD 120 million that was oversubscribed by about 100 times; a resounding vote of market confidence. Building on its vision, Platinum Industries has delivered exceptional growth in a remarkably short span through a sharp focus on innovation and strategic expansion. Under the strategic leadership of Krishna Dushyant Rana and the brand-building expertise of Director Parul Krishna Rana, the company continues to successfully combined innovation, quality, and sustainability to set new benchmarks in the industry. This recognition by Hurun stands as a testament to Platinum's evolution from a strong family-led foundation to a globally competitive force in the PVC and CPVC additives sector.
Mint
an hour ago
- Mint
Google to pay $36 million after striking deals that shut out rival search engines in Australia
Google on Monday agreed to pay AUD 50 million (USD 35.8 million) to the country's consumer watchdog after it was found that its deal with Australia's two largest telecom operators to pre-install Google Search on Android phones — while excluding rival search engines — had hurt competition in the market. The Australian Competition and Consumer Commission (ACCC) stated that it has begun proceedings in the Federal Court against Google's Asia-Pacific division. The court will now decide whether the AUD 50 million penalty is appropriate. Under Google's anti-competitive agreements, Telstra and Optus pre-installed only Google Search on Android phones sold to customers for 15 months until March 2021. The telecom operators excluded other search engines and, in return, received a share of the advertising revenue that Google generated from those customers. Telstra, Optus, and their rival TPG agreed last year to court-enforceable undertakings with the ACCC, pledging not to renew or enter into similar deals with Google that limit search options for customers. Google itself accepted that the agreements with telecom operators were likely to have resulted in 'substantially lessening competition,' the commission said in its release. The tech giant has also signed an undertaking with the ACCC, committing to remove certain pre-installations and default search engine restrictions from its contracts with Android phone manufacturers and telecom companies. ACCC chair Gina-Cass Gottlieb in a release about the fine said, 'Conduct that restricts competition is illegal in Australia because it usually means less choice, higher costs or worse service for consumers,' ACCC Chair Gina-Cass Gottlieb said. 'Importantly, these changes come at a time when AI search tools are revolutionising how we search for information, creating new competition,' Gottlieb added. Notably, a US federal court had also found Google guilty of maintaining a monopoly in the online search market through anti-competitive agreements with mobile carriers and device manufacturers. As per earlier reports, Google pays Apple around USD 20 billion annually to remain the default search engine on iPhones. Meanwhile, an Australian court also partially ruled against Google in a lawsuit brought by Fortnite maker Epic Games, which accuses both Apple and Google of preventing rival app stores from operating on their systems.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Dixon Technologies stock jumps 4% on ₹370-cr JV with China's HKC Overseas
Dixon Technologies share price today: Shares of domestic electronics manufacturer Dixon Technologies surged over 4 per cent to hit an intraday high of ₹16,912 after the company formed a ₹370 crore joint venture with China's HKC Overseas. At 01:10 AM, Dixon's share price was trading 3.65 per cent higher at ₹16,782 per share on the NSE. In comparison, NSE Nifty50 was up 1.16 per cent at 24,916.7 levels. The market capitalisation of the company stood at ₹1.01 trillion. The stock has recovered 36.7 per cent from the 52-week low of ₹11,840 touched on August 14, 2024. CATCH STOCK MARKET LATEST UPDATES TODAY LIVE Why were Dixon Technologies shares rising? The Dixon Technologies-HKC Overseas joint venture (JV) is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones, etc, for display, according to an exchange filing. "Dixon Technologies (India) has entered into a Term Sheet with HKC Corporation to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC-branded end products in India," the company said. HKC Overseas will acquire a 26 per cent stake in Dixon Display Technologies (DDTPL) for USD 10.998 million, and Dixon will acquire a 74 per cent stake in the JV for USD 31.3 million in two tranches. Last month, Dixon had announced a JV with Chinese electronic component maker Chongqing Yuhai Precision Manufacturing Co. and the Indian arm of Kunshan Q Technology for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others. ALSO READ | Dixon Technologies Q1 results Dixon Technologies posted a strong June 2025 quarter (Q1FY26) performance, with robust performance across metrics on the back of mobile and EMS segments. The company reported revenue, Ebitda, and PAT growth of 95 per cent, 95 per cent, and 68 per cent, respectively, on a yearly basis. Brokerage firm Motilal Oswal has maintained a 'Buy' rating with a revised target price of ₹22,100 (₹20,500 earlier) based on DCF valuation. Emkay Global has also maintained a 'Buy' rating with a target price of ₹19,000. On the other hand, Nuvama Institutional Equities maintained a 'Hold' rating with a June 2026 target price of ₹16,100, citing fair valuation. About Dixon Technologies Founded in 1993, Dixon Technologies is an electronic manufacturing services (EMS) provider in India. It offers design-focused solutions across consumer durables, home appliances, lighting, mobile phones, and security devices. It also provides repair and refurbishment services for set-top boxes, mobile phones, and LED TV panels. Dixon operates across multiple divisions, including consumer electronics, lighting, mobile phones, security surveillance, medical electronics, and IT hardware. The company operates over 17 manufacturing units across India and serves both domestic and global clients.
