Latest news with #ApolloMicroSystems
Mint
3 days ago
- Business
- Mint
Defence stocks fire up: Apollo Micro, Zen Tech, Garden Reach among 23 stocks that surged up to 61% in May
Defence stocks in focus: Defence stocks such as Garden Reach Shipbuilders, Paras Defence, Apollo Micro Systems, Cochin Shipyard, and Solar Industries ended May with solid gains, driven by strong demand from Dalal Street investors, positioning the defence sector as the month's top performer. The Nifty India Defence index concluded the month with a rally of 22%, recovering 70% from February lows, making the sector the biggest turnaround champion in 2025. After remaining under pressure for five consecutive months due to valuation concerns, the sector began recovering in March and extended its gains into April. However, a fresh wave of optimism was triggered by the launch of 'Operation Sindoor,' during which India showcased the strength of its indigenously developed defence systems and successfully intercepted drones and missiles launched by Pakistan. Sentiment was further bolstered after Prime Minister Narendra Modi reiterated the government's focus on promoting indigenous defence production under the Make in India initiative. Additionally, strong March quarter earnings, rising order inflows, expectations of expectation of rise in defence spending by the Indian government to further strengthen national security, and growing global demand for India's indigenously manufactured defence products all contributed to a strong rally in defence stocks in the previous month. This stellar performance also pushed the combined market capitalisation of the 18 Nifty India Defence constituents past the ₹ 11 lakh crore mark for the first time, reaching ₹ 11.3 lakh crore. In comparison, the market cap stood at ₹ 10 lakh crore during the same period last year, indicating an increase of over ₹ 1 lakh crore, most of which came in May. In terms of individual counters, Apollo Micro Systems emerged as the top performer among defence stocks in the May rally, delivering over 60% return as it surged from ₹ 117 to ₹ 183 apiece. This also marked the stock's biggest monthly gain since October 2023, when it had posted a 62% return. Drone-related stocks, including ideaForge Technology, DroneAcharya Aerial Innovations, Zen Technologies, RattanIndia Enterprises, and Paras Defence and Space Technologies, also surged up to 50%. Meanwhile, shipbuilding stocks delivered stellar performances as well, with Garden Reach Shipbuilders and Cochin Shipyard gaining 57% and 23%, respectively. Stock Name Returns in May Apollo Micro Systems 60.5% Garden Reach Shipbuiders 57% Zen Technologies 51% Droneacharya Aerial 50% ideaForge Technology 41.2% TechEra Engineering 39.2% Mishra Dhatu Nigam 38% Taneja Aerospace & Aviation 34% NIBE 33.3% Astra Microwave Products 32.4% Bharat Dynamics 32% Rossell Techsys 23.2% Bharat Electronics 22.5% Sika Interplant Systems 22% Cochin Shipyard 22.3% Paras Defence 18% MTAR Technologies 15.5% C2C Advanced Systems 14% Data Patterns (India) 14.6% Mazagon Dock Shipbuiders 13.7% HAL 11% DCX Systems 8% CFF Fluid Control 6% Source: Trendlyne Even though Mazagon Dock Shipbuilders tumbled 8% in today's session, it is still up 15% for the month of May. Other defence counters such as MTAR Technologies, Bharat Electronics, Mishra Dhatu Nigam, Bharat Dynamics, BEML, Astra Microwave, Data Patterns, Dynamatic Technologies, Cyient DLM, and DCX Systems have also seen notable investor interest. The outlook for the defence sector appears promising, as it is increasingly seen as a strong long-term opportunity—bolstered by rising defence budgets, growing export potential, and sustained policy support through initiatives like Make in India and Atmanirbhar Bharat. India's domestically manufactured defence products are gaining global traction, with exports reaching a record high of ₹ 23,622 crore in FY 2024–25. The government now aims to achieve annual defence exports worth ₹ 50,000 crore by 2029, further expanding its global footprint. This year, the government allocated ₹ 6.81 lakh crore to the defence budget. Additionally, reports suggest that an extra ₹ 50,000 crore boost is under consideration, reflecting the sector's strong growth momentum. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
3 days ago
- Business
- Mint
Multibagger stock to buy: Defence stock Apollo Micro Systems rises 60% in one month. More steam left?
Multibagger stock to buy: Apollo Micro Systems, a small-cap defence stock, has delivered stellar returns in May, surging over 60 per cent after a modest 4 per cent dip in April. The rally comes amid sustained bullish sentiment in the defence sector. On Friday, May 30, the small-cap defence stock climbed nearly 3 per cent to hit its fresh 52-week high of ₹ 194, gaining 82 per cent over the last year. The stock has turned multibagger over the past three years, delivering returns of over 1,400 per cent. Meanwhile, on May 28th, the company said it had received an export order valued at $13,366,500 (equivalent to approximately ₹ 113.81 crore) for the development of an avionic system. "This project pertains to the development of an advanced avionics system intended for use in civil and military aircraft applications. However, due to the sensitive nature of the engagement, specific technical and program details are bound by a non-disclosure agreement (NDA) with the customer," the company said in an exchange filing. (This is a developing story. Please check back for fresh updates.)
Mint
4 days ago
- Business
- Mint
Apollo Micro Systems share price surges 30% this week. Should you buy, sell or hold this multibagger defence stock?
Apollo Micro Systems share price surged by nearly 30% this week. The defence stock rose close to 10%, reaching a 52-week high during Thursday's trading session. On Wednesday, Apollo Micro Systems announced that it has received an export order worth USD 13.36 million. This order involves the creation of an advanced avionics system designed for civil and military aircraft applications, AMSL stated in a filing. Apollo Micro Systems share price today opened at ₹ 183.95 apiece on the BSE, the stock touched an intraday high of 193.55 per share and an intraday low of ₹ 182.40 apiece. The company disclosed that it has been awarded an export order amounting to USD 13,366,500 (approximately ₹ 113.81 crore) for developing an avionic system. However, due to the sensitive nature of the project, specific technical and program information is restricted by a Non-Disclosure Agreement (NDA) with the client, it noted. Based in Hyderabad, AMSL provides technology-driven solutions across various sectors such as infrastructure, transportation, aerospace, and defence, among others. Apollo Micro Systems reported a consolidated net profit of ₹ 14 crore for the March quarter, marking an 8% increase compared to the previous year, propelled by enhanced operational revenues. In the January-March period of 2023-24, the company had reported a net profit of ₹ 12.9 crore, according to their statement. The operational revenues of the company grew by 19% to ₹ 161.7 crore, up from ₹ 135.4 crore in Q4 FY24. Managing Director Baddam Karunakar stated that FY25 has been a pivotal year for the company, showcasing its best performance ever. The firm reached a significant milestone in revenue, totaling ₹ 562.07 crore, which reflects an impressive year-on-year growth of 51.24%. Karunakar mentioned that EBITDA reached ₹ 132 crore, representing a 54% increase year-over-year, with a solid EBITDA margin of 23.50%. This achievement is attributed to a strong order book, effective execution of strategic defence programmes, and the smooth transition of several high-value products into production, he noted. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Apollo Micro Systems share price have seen a spectacular run this week, with a rally of almost 30%. Momentum is on the bullish side but indicators are in overbought zone. Traders can hold on to longs but fresh long at current levels should be avoided, 165 - 170 is a strong support if any dip towards it can be bought on the upside 205 is the immediate resistance. Anshul Jain, Head of Research at Lakshmishree Investments explained that Apollo Micro Systems share price broke out of an 85-day-long cup and handle pattern at ₹ 155 and swiftly hit its initial target of ₹ 182. The multibagger defence stock is now extended from its 50-day EMA, making a mean reversion towards ₹ 170 likely. If the pullback unfolds with low volumes and compressed candles—indicating ideal quality—then the stock may resume its upward trajectory. In that case, bulls could eye the next leg of the rally towards ₹ 220. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
5 days ago
- Business
- Business Standard
These 13 stocks from BSE Smallcap index zoom over 100% from 3-month lows
Shares of smallcap companies were in focus, with the BSE Smallcap index outperforming the market by gaining nearly 1 per cent after a sharp rally in private defence, capital goods and public sector undertakings (PSUs). At 02:31 PM; the BSE Smallcap index, top gainer among broader indices, was up 0.54 per cent at 52,146. In comparison, the BSE Sensex was down 0.19 per cent, while the BSE Midcap index traded flat. The BSE Smallcap index has bounced back 27 per cent from its 52-week low of 41,013.68 touched on May 7, 2025. The index had hit a 52-week high of 57,827.69 on December 12, 2024. A total of 18 stocks from the BSE Smallcap index including the likes of - Eris Lifesciences, Apollo Micro Systems, Force Motors, Paradeep Phosphates, India Glycols, EID Parry and Hitachi Energy India have hit their respective all-time highs on the BSE in intra-day trade on Wednesday. Ravindra Energy, Precision Camshafts, Apollo Micro Systems, IFCI, Techno Electric & Engineering Company, MMTC, Unimech Aerospace and Manufacturing and Triveni Engineering & Industries rallied between 10 per cent and 20 per cent. Meanwhile, share prices of 13 stocks from the BSE Smallcap index have more-than- doubled from their respective three-month lows. Of these six stocks, Garden Reach Shipbuilders Engineers (GRSE), NIBE, Bharat Dynamics (BDL), Data Patterns (India), Paras Defence and Space Technologies and Astra Microwave Products are from the aerospace & defence sector. Recent geopolitical developments - particularly the India-Pakistan conflict - have further accelerated demand for indigenous defence solutions. Several of the defence companies systems were successfully tested and demonstrated during this period, generating major interest and engagement across the defence value chain. Paradeep Phosphates and Mangalore Chemicals & Fertilizers from fertiliser sector, Centum Electronics, NACL Industries, Cupid and Cosmo First were the other stocks that have seen their market price more-than-double from their three-month low price. Among individual stocks, GRSE hit a new high of ₹2,944, gaining 5 per cent on the BSE in intra-day trade today. The stock price of PSU defence company has zoomed 150 per cent from its three-month low of ₹1,180.10 touched on March 4, 2025. In the March 2025 quarter (Q4FY25), GRSE's revenue from operations moved up from ₹1,015 crore to ₹1,642 crore, registering a growth of 62 per cent. EBITDA has moved up from ₹166 crore to ₹335 crore registering a growth of 101 per cent and the profit after tax, moved up from ₹114 crore to ₹244 crore, registering a 118 per cent growth. This has been backed by a very strong physical performance, supported by an efficient and effective treasury management system, the management said. As on March 31, 2025, the company's order book stood at ₹22,652 crore. And despite strong revenue accrual to the tune of nearly ₹5,000 crore, the management said the company managed to maintain the order book at ₹22,680 crore as on March 31, 2025. This comprises nine projects, consisting of 40 platforms, including 16 warships for the Indian Navy from 4 projects, three P-17 Alpha Frigates, 7 Anti-Submarine Shallow Watercraft, 2 Survey Vessels Large and 4 Next Generation Offshore Patrol Vessels. Meanwhile, the share price of Apollo Micro Systems hit a new high of ₹183.60, soaring 18 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes, in an otherwise subdued market, after the company received export order worth of ₹114 crore. In the past two trading days, the stock price of this smallcap aerospace & defence company has zoomed 32 per cent. Thus far in the month of May 2025, it has rallied 57 per cent. Apollo Micro Systems informed stock exchanges that in the ordinary course of its business, the company has received an export order valued at $13,366,500 (equivalent to approximately ₹113.81 crore) for the development of an Avionic System.
Business Standard
5 days ago
- Business
- Business Standard
Apollo Micro Systems spurts after bagging export order worth $13.37 mn
Apollo Micro Systems surged 14.54% to Rs 178.45 after the company announced it has received an export order worth $13,366,500 (approximately Rs 113.81 crore) in the ordinary course of business. The order involves the development of an advanced avionics system intended for use in both civil and military aircraft applications. Due to the sensitive nature of the project, specific technical and program details are confidential and governed by a Non-Disclosure Agreement (NDA) with the customer. Apollo Micro Systems is an electronic, electromechanical and engineering design, manufacturing and supplies company. Apollo Micro Systems' consolidated net profit rose 8% to Rs 13.96 crore while net sales increased 19% to Rs 161.77 crore in Q4 March 2025 over Q4 March 2024.
