Apollo Micro Systems trades higher on getting LoA worth Rs 25.58 crore
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Apollo Micro Systems is currently trading at Rs.124.95, up by 1.00 points or 0.81% from its previous closing of Rs. 123.95 on the BSE.
The scrip opened at Rs. 124.05 and has touched a high and low of Rs. 128.50 and Rs. 124.00 respectively. So far 26229 shares were traded on the counter.
The BSE group 'T' 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. 24.63 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 130.00 and Rs. 117.00 respectively. The current market cap of the company is Rs. 3529.49 crore.
The promoters holding in the company stood at 53.21%, while Institutions and Non-Institutions held 11.02% and 35.76% respectively.
Apollo Micro Systems has received the Letter of Acceptance (LoA) from Indian Oil Corporation (IOCL) for an order worth Rs 25.58 crore after successfully being declared as the Lowest Bidder (L1). Consequently, the total outstanding orders from IOCL amount to Rs 41.03 crore, including the above LoA, all of which are scheduled for execution in the current financial year.
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers.
