Multibagger Defense Stock: If you are looking for a better stock to invest, then you can keep an eye on the shares of smallcap defense stock Apollo Micro Systems Limited (AMS). This stock has given tremendous returns to its investors in a short period of time. The interesting thing is that even at a time when there is selling pressure in the entire market, this stock has made huge profits for its investors. In the last one month, this stock has seen a rise of about 50 percent. Today, on January 22, this share fell by 3.19 percent and closed at Rs 139.65.
Apollo Micro Systems received many orders
On December 3, 2024, AMS announced that it has been declared the lowest bidder for an order worth Rs 21.42 crore from Bharat Electronics Limited (BEL) and a private company. Earlier on November 22, AMS had said that it had received orders worth Rs 4.65 crore from Defense Research and Development Organization (DRDO) and Adani. The company also said it has been declared the lowest bidder for orders worth Rs 16.96 crore from DRDO, Public Sector Units, Indian Navy and Indian Army.
In the second quarter (Q2FY25), the company has secured new orders worth Rs 130.96 crore which are yet to be executed, which does not include orders received and executed in the same quarter. The company is well positioned to capitalize on new opportunities due to the increasing demand for electronic solutions in the defense sector and its specialized technology offerings.
Apollo Micro Systems Technical
Talking about technicals, Apollo Microsystems’ Relative Strength Index (RSI) is at 74.1, which indicates that it is neither in the overbought nor oversold zone. Apollo Microsystems stock is trading above the moving averages of 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day. The stock’s 52-week high is Rs 157 and 52-week low is Rs 88.10. The market cap of the company is Rs 4280.13 crore.
Apollo Micro Systems stock performance
Shares of Apollo Micro Systems have given excellent returns to its investors. In the last two years, the company’s shares have increased by a spectacular 286 percent. At the same time, in the last three years it has made a huge profit of 813 percent. This stock has lost 948 percent in the last four years. At the same time, its investors have got a return of 1,663 percent in the last five years.
Apollo Micro Systems business
Apollo Micro Systems mainly deals in supply of electronics and electromechanical systems and components. This also includes design, research and development. Its products and systems are used in many defense programs, including missile programs (Weapon Systems Electronics), underwater missile programs (Weapon Systems Electronics), avionic systems, ship-borne systems and submarine systems.
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