Apollo Micro Systems shares surge 15% following Rs 25 cr order wins from DRDO, other defence PSUs

Apollo Micro Systems shares jumped 15.4% to Rs 236.45, marking a new 52-week high after winning Rs 25.12 crore orders from DRDO and Defence PSUs.

The deal underscores the growing focus on indigenous defence manufacturing and strengthening India’s self-reliance in defence technology.

Defence sector attention rises amid large procurements like 97 LCA Tejas Mark 1A jets worth Rs 62,000 crore.

Apollo’s stock has surged 116.65% over the past year, with 90.34% year-to-date and 24.95% in the past month.