Announced Thu, 9 Apr · 11:03 IST
Successfully completed blast trials for Naval Limpet Mines
APOLLO · price
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Price reaction · full curve 14 horizons · vs prior close
+13.1%1-day move
₹208.69
prior close
₹215.23
base price
In-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Apollo Micro Systems has successfully completed blast trials for Limpet Mines, which are diver-carried mines used in naval defence. The company claims to be the only Indian firm to have developed this product for the Indian Navy. This milestone positions Apollo Micro as a provider of the complete spectrum of underwater mines — shallow water, deep water, and limpet mine categories — strengthening its underwater electronic warfare capabilities.
Likely market impact
Strengthens defence product portfolio; positions company as a key underwater mines supplier for Indian Navy. Positive for long-term growth.