Apollo Micro at new high

Apollo Microsystems bagged a supply order from Bharat Electronics Limited (BEL).

This order is worth Rs.50 crore, with a repeat order clause, for maximum of 120% of the units originally ordered, according to BEL terms and conditions.

Reacting to this news, the stock price zoomed 20% hit a 52-week high at Rs.155.55, with volumes jumping up by 31-times.

This small-cap company designs develops and sells high-performance mission and time critical solutions to defence Space and home land security for Ministry of Defence govt controlled PSU and other companies.