Announced Wed, 15 Jul · 13:36 IST
Apollo Micro Systems wins orders worth INR 1,343.45 mn from defence clients
APOLLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹405.50
prior close
₹403.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+0.5+0.5+0.5-1.8-2.6-3.5-3.3+0.0-2.8————
Up moveDown movePending
AI summary
Apollo Micro Systems has been awarded orders worth INR 1,343.45 million (about 134 crore) from DRDO, Indian Navy, Defence PSUs, State Government and private industries. Its step-down subsidiary IDL Explosives Limited has also received work worth INR 552.20 million (about 55 crore), executable over a period of two years. Combined new business is about 189.6 crore.
Likely market impact
Positive for revenue visibility. Strengthens defence order book with government and PSU clients, supporting long-term growth.