The uptick in Apollo Micro Systems share price came on the back of multiple order wins worth Rs 77 crore.
The uptick in share price came after the company announced that it has been awarded a project by the Indian Army
Shares of Apollo Micro Systems hit a new high of Rs 133.90, and were locked at the 10% upper circuit on the BSE, on strong earnings and healthy business outlook.
Apollo Micro Systems Ltd (AMSL) on Friday said its standalone net profit doubled to Rs 7 crore during the September quarter, aided by higher income. It had clocked a net profit of Rs 3.28 crore during the year-ago period, the company said in a regulatory filing. The company's total income rose to Rs 87.57 crore over Rs 52.39 crore a year ago. AMSL's expenses were Rs 78.68 crore against Rs 47.47 crore in the year-ago period. Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, and aerospace and defence.
In the past five trading days, the stock soared 34% after the company entered into Term Loan (TL) Agreement with Bajaj Finance to avail credit facilities in the form of TL up to Rs 15 crore
The proposed new units will add an additional infrastructure of 300,000 sq ft to its existing infrastructure, and will be capable of handling bulk production
The company also announced that it recently was declared as the lowest bidder in multiple projects from the DRDO and another government sector company.
Shares of Apollo Micro Systems hit a new high of Rs 55.25, zooming 355 per cent in past one year, as against 19 per cent rise in the S&P BSE Sensex.
Apollo Micro Systems Ltd (AMSL), which provides technology-based solutions to infrastructure and transportation players, has fixed May 4 as the record date to split its shares in the ratio of 1:10. In a statement on Tuesday, the company announced its share will be divided in the ratio of 1:10. The current face value of each share is Rs 10 and after the split, the new value of each share would be Re 1. "The record date is on Thursday, 4 May, 2023 for the purpose of sub-division of 1 equity share of Rs 10 each into 10 equity shares of Re 1 each fully paid up," Apollo Micro Systems said. Shares of the company on Tuesday ended 5 per cent up at Rs 328.75 apiece on BSE. Besides, the Hyderabad-based company offers solutions to industries like aerospace and defence, railways and automotive sectors, among others.
Apollo Micro Systems Ltd (AMSL) has fixed May 4 as the record date to split its shares in ratio of 1:10. On March 28, the company's shareholders had approved a proposal for the share division through postal ballot, the company said in a statement. Subsequently, the board also passed the necessary resolution on April 6, 2023 and fixed May 4 as the record date for sub-division of shares, it said. One equity share of Rs 10 each will be sub-divided into 10 equity shares of Re one each fully paid up, AMSL said. Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, aerospace and defence, among others.
In the past three months, the stock of Apollo Micro Systems has outperformed market as shares surged 75 per cent, as against 4.8 per cent rise in the S&P BSE Sensex.
The company said it will issue 1.9 million warrants to Nexpact Limited, Mauritius and 1.2 million warrants to Maybank Securities Pte. Ltd.
In the past one month, the stock has outperformed market as shares surged 25 per cent, as against 4.4 per cent decline in the S&P BSE Sensex
Shares of Apollo Micro Systems rallied 15 per cent on the BSE in Monday's intra-day trade amid back of heavy volumes to hit a fresh 52-week high of Rs 189.40
The Company bagged a supply order from Bharat Electronics worth Rs 49.86 crore with a repeat order clause, for maximum of 120 per cent of the units originally ordered
The stock moved higher by 16% to Rs 326, bouncing back 18% from its early morning low on the BSE on back of heavy volumes.
The IPO will open on January 10 and close on January 12