Shares of Hyderabad-based Apollo Micro Systems Ltd (AMSL) saw profit booking on Friday after the company received trading approval for equity shares issued on a preferential basis.
In an exchange filing, the company said it has secured trading approval for 1,21,47,964 equity shares of Re 1 each, issued and allotted on a preferential basis to promoters and non-promoters, from the National Stock Exchange of India Ltd and BSE Ltd.
The company said the shares have been listed and admitted to dealings on the exchanges from January 9.
The company operates in the aerospace and defence segment and has a market capitalisation of over Rs 9,000 crore.
The stock opened flat at Rs 253.10 on the NSE and rose to a high of Rs 259.45, up 2.19 percent.
However, the stock later gave up gains and settled at Rs 248 per share on the NSE, down 2.02 percent.
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