Apollo Micro Systems touches the roof on winning Make II project from Indian Army
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Apollo Micro Systems is currently trading at its upper limit of Rs. 109.80, up by 5.20 points or 4.97% from its previous closing of Rs. 104.60 on the BSE.
The scrip opened at Rs. 109.80 and has touched a high and low of Rs. 109.80 and Rs. 109.80 respectively. So far 321034 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. 52.05 on 06-Sep-2023.
Last one week high and low of the scrip stood at Rs. 109.80 and Rs. 104.00 respectively. The current market cap of the company is Rs. 3365.26 crore.
The promoters holding in the company stood at 53.21%, while Institutions and Non-Institutions held 11.15% and 35.63% respectively.
Apollo Micro Systems has been awarded Make II project by Directorate General of AAD, IHQ of MOD (Indian Army). This project is for the procurement of a Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I) under the Make II category of DAP-2020. This project is very prestigious and first Make II project for the company. The systems developed out of it are ‘state of the art’ and highly futuristic in nature. As a Make II project, there will be no cost obligation involved.
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers.
