Apollo Micro Systems surges to hit fresh 52-week high on order win from DRDO, PSU | Check details here

The stock has been gaining for the last six days and has risen 24.46 per cent in the period. Technically, the scrip trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages

Shares of Apollo Micro Systems surged on Friday, August 22, 2025, to hit a fresh 52-week high of Rs 240.60. The action in stock comes as the company has informed exchanges about an order win from DRDO and a defence PSU. The counter opened in the green at Rs 206.25 against the previous close of Rs 204.95 on the BSE. It gained further to touch the fresh 52-week high of Rs 240.60, a jump of 17.39 per cent from the closing price of the last trading session. On the NSE, the stock started the trading session at Rs 206 against the previous close of Rs 205.23 and hit a high of Rs 240.40. The 52-week low of the counter is Rs 2024.70.

The stock has been gaining for the last six days and has risen 24.46 per cent in the period. Technically, the scrip trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages

Apollo Micro Systems Order Details

“We are pleased to inform you that the company has been declared the lowest bidder for orders worth ₹25.12 crore from DRDO and defence PSUs,” said the company.

Raises Rs 416 Crore Via Equity Shares

Earlier, the company announced the completion of its preferential allotment of equity shares and convertible warrants, raising a total of over Rs 416 crore. The allotments were made to promoter group, Non-Executive Director Aditya Kumar Halwasiya and LIC Mutual Fund.

In a statement, the company said the preferential issue involved 2.70 crore equity shares allotted at Rs 114 each, aggregating to Rs 308 crore along with 3.80 crore convertible equity warrants issued at the same price, with 25 per cent upfront subscription, aggregating to Rs 108.5 crore in initial proceeds.

An additional Rs 325.50 crore is anticipated within six months as the rest 75 per cent of the convertible warrants’ proceeds.

With PTI inputs