Apollo Micro Systems jumps on emerging as lowest bidder for project worth Rs 72.26 crore
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Apollo Micro Systems is currently trading at Rs. 110.00, up by 2.85 points or 2.66% from its previous closing of Rs. 107.15 on the BSE.
The scrip opened at Rs. 109.55 and has touched a high and low of Rs. 110.95 and Rs. 107.45 respectively. So far 496326 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. 53.50 on 22-Sep-2023.
Last one week high and low of the scrip stood at Rs. 111.40 and Rs. 100.20 respectively. The current market cap of the company is Rs. 3371.39 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 GNC Kit by Munitions India, with a project worth of Rs 72.26 crore.
The Company has also received the orders from Economic Explosives and ARDE- Defence Research and Development Organisation (DRDO) worth Rs 4.70 crore.
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers.
