Apollo Micro Systems bags orders worth INR 808.38M from Defence PSUs and others
APOLLO · price
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.2 pts less 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 secured new orders worth INR 808.38 million from Defence PSUs, State Governments, and Private Industries. The orders were awarded in the ordinary course of business. This is a positive business update showing continued demand in the defence and government sectors for the company.
Positive for revenue visibility; strengthens order book in defence and government segments, supporting growth prospects.