Apollo Micro Systems zooms on emerging as lowest bidder in multiple projects from DRDO
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Apollo Micro Systems is currently trading at Rs. 58.05, up by 4.17 points or 7.74% from its previous closing of Rs. 53.88 on the BSE.\
The scrip opened at Rs. 56.68 and has touched a high and low of Rs. 58.70 and Rs. 56.28 respectively. So far 522895 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 63.58 on 08-Aug-2023 and a 52 week low of Rs. 15.04 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 58.70 and Rs. 53.50 respectively. The current market cap of the company is Rs. 1475.68 crore.
The promoters holding in the company stood at 59.10%, while Institutions and Non-Institutions held 3.80% and 37.10% respectively.
Apollo Micro Systems has been declared as the Lowest Bidder in multiple projects from the Defence Research and Development Organisation (DRDO) and another government sector company. These projects hold a cumulative value of Rs 28.15 crore.
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers.
