The BSE and NSE have been notified by Apollo Micro Systems Ltd that the company has won projects worth Rs. 43.98 crore.
Additionally, the business has approved the division/splitting of one equity share with a face value of Rs 10 into ten equity shares with a face value of Rs 1 each that are completely paid up as of the record date. The record date for stock splits will be chosen by the company’s board of directors and announced to the exchanges.
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Apollo Micro Systems Ltd. shares, one of today’s BSE gainers, increased by 4.94% to Rs 329.75 a share from their previous closing price of Rs 314.25. The stock’s 52-week range includes a high of Rs 379.70 and a low of Rs 109.35.
In terms of designing, developing, assembling, and testing electrical and electro-mechanical systems, Apollo Micro Systems Ltd. is a pioneer. Regarding the finances, the market capitalization of this aerospace and defence firm is Rs 668 crore. Both the company’s quarterly and yearly financial statements included outstanding results. Net sales and net profit increased in Q2FY23 over Q2FY22 by 13.42% and 19.65%, respectively.
The stock generated multibagger returns of 133.78% in just 6 months, and it generated 145.63% returns in 1 year. Investors ought to monitor this small-cap stock with a history of multiple gains.