This defence equipment manufacturer’s share rose 10 percent to Rs 146.70 per share on Thursday and has risen 115 percent in the last 16 days amid an optimistic investor outlook on the company.
At 11:16 a.m., On Thursday, shares of Apollo Micro Systems Ltd quoted at Rs 146.25, up 9.63 percent from the previous close price, The company has a market value of Rs 3,841 crores on the stock exchange.
The company’s shares have delivered a multi-bagger return of 115 percent in the last 16 days, rising from Rs 68.30 per share on October 26th to the current market level of Rs 146.70 per share. A Rs 1 lakh shareholder investment in the company would be worth Rs 2.15 lakhs in the last 16 days.
Similarly, The company shares have delivered a multi-bagger return of 330 percent in the last six months and 520 percent in a year.
Apollo Micro Systems Ltd’s operational revenue has increased by 67 percent yearly, from Rs 52 crore in Q2FY23 to Rs 87 crore in Q2FY24. During the same period, net profit rose by 100 percent from Rs 3 crore to Rs 6 crore.
The Company’s Net profit margin has increased from 6 percent in FY22 to 6.29 percent in FY23, while the operating margin rose from 12.01 percent to 18.33 percent during the same period.
Apollo Micro Systems Ltd is engaged in the development and manufacturing of rugged electronics for military applications as well as the design, development, assembly, and testing of electronic and electro-mechanical solutions.
The company caters to multiple sectors including Aerospace, Defence, Space, and Transportation.
As of FY 23-24, promoters hold 52.67 percent of the company stake, while individual investors hold 38.76 percent.
Written by Omkar Chitnis
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