Shares of Apollo Microsystems Limited zoomed 4.98% and got locked at ₹ 301.25 apiece in an upper circuit after the company fixed Thursday, May 04, 2023, as the record date to split its shares.
The Apollo Microsystems is a pioneer in the design, development, assembly and testing of electronic and electro-mechanical solutions. It develops and sells cutting-edge technology-based solutions for the railways, automotive, and homeland security industries in addition to its core customers in the aerospace, defence, and space industries. It is a small-cap company with a market capitalization of ₹ 596 crores.
According to an exchange filing, the company’s shares will undergo a stock split/sub-division of its equity shares. Each share of ₹ 10, fully paid up, will be divided into ten equity shares of ₹ 1 each, i.e., in the ratio of 1:10.
The Hyderabad-based company has given multibagger returns to its shareholders. In the past 10 months, its share price has increased by 133.35 percent from ₹129.10 to the current level of ₹ 301.25. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares 10 months ago, the value of their holdings would have been ₹ 2.33 lakhs today!
During the quarter that ended December 2022, the company posted revenue of ₹ 82.69 crores, compared to ₹ 64.84 Crores recorded during the quarter that ended December 2021. Its net profit stood at ₹ 6.60 crores in the December quarter of 2022, as compared to ₹ 3.38 crores in the corresponding quarter last year.
Written by Simran Bafna
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