Apollo Micro Systems shares extend gains to hit fresh 52-week high, rise over 60% in 1 month

Apollo Micro Systems shares extend gains, rise 32% in just four sessions.

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Apollo Micro Systems share price extended gains for the fourth straight session to hit the fresh 52-week high in Friday's trading session. In just four sessions of rise, the stock has posted gains of over 32 percent.

In today's trade, shares of Apollo Micro Systems surged to an intraday high of Rs 194 per share on the NSE, rising 2.77 percent. Later in the day, it pared some of the gains to trade at Rs 189.23 apiece. According to the data available on BSE Analytics, the company has delivered 61.63 percent returns in the last one month.

Brokerage Anand Rathi, in its latest noted said that the company is evolving into a tier-1 operator.

"The company has signed various MoUs and completed an acquisition. Commercial orders for its software-defined homing system for heavyweight torpedoes are also expected soon. As several defence programs enter the production phase, management sees a strong pickup in order execution, driving revenue growth, margin expansion, and better working capital efficiencies."

The capacity addition is paving the way for growth and should aid in better working capital, the analysts said.

"AMS now operates a 55,000 sq.ft. facility at Unit-I in IDA Mallapur, Hyderabad. It has added a 40,000 sq.ft. integrated defence systems plant at Unit-II in Adibatla, Hyderabad, expected to commence manufacturing in Q2 FY26. Besides, it is developing a 350,000 sq.ft. weapons integration facility at Unit-III in Hardware Park-II, Hyderabad, in two phases," they added.

Earlier this week, the company said it bagged an export order worth Rs 114 crore for development of an avionic system.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.