Apollo Micro Systems shares to remain in focus on Thursday on securing multiple orders

Shares to remain in focus.

Shares of Apollo Micro Systems are expected to remain in focus on Thursday after the company secured orders worth over Rs 73 crore.

In an exchange filing, the company said the orders comprise critical homing systems for heavyweight torpedoes, fire control systems, launchers for strategic missile programmes, avionic line replaceable units (LRUs) for missile and other platforms, and cyber security systems for an intelligence department.

The company said it received contracts worth Rs 15 crore from the Defence Research and Development Organisation, Rs 43.50 crore from defence public sector undertakings, Rs 13.96 crore from private companies, and Rs 0.87 crore from other government departments, where it holds the L1 position.

Shares of the company settled lower in Wednesday's trade at Rs 212 per share on the NSE.

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