Apollo Micro Systems bags orders worth INR 1002.47 million for unmanned aerial systems
APOLLO · price
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On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 1.8 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Apollo Micro Systems has received orders totalling INR 1,002.47 million from a private company for supply of Unmanned Aerial Systems to the Ministry of Defence. The orders will be executed within four months. This defence order adds to the company's order book in the drone and unmanned systems segment.
Positive for order book and revenue visibility. Defence drone order boosts growth outlook.