Apollo Micro Systems jumps on emerging as lowest bidder for project worth Rs 28.74 crore
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Apollo Micro Systems is currently trading at Rs. 103.35, up by 2.25 points or 2.23% from its previous closing of Rs. 101.10 on the BSE.
The scrip opened at Rs. 102.35 and has touched a high and low of Rs. 103.95 and Rs. 101.35 respectively. So far 41679 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 161.75 on 20-Nov-2023 and a 52 week low of Rs. 63.35 on 13-Oct-2023.
Last one week high and low of the scrip stood at Rs. 103.95 and Rs. 95.85 respectively. The current market cap of the company is Rs. 3158.37 crore.
The promoters holding in the company stood at 55.12%, while Institutions and Non-Institutions held 7.42% and 37.46% respectively.
Apollo Micro Systems has been declared as the Lowest Bidder (L1) for orders worth Rs 28.74 crore from Bharat Electronics (BEL) and CNA (OF) Pune, Indian Navy. The order from BEL is a proprietary order.
Earlier, the company had received the order from Reliable Technosystems India for supply of Electronic Modules worth Rs 5.72 crore.
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers.
