Share Market News: Stock of THIS defence company remains in focus with back-to-back orders, check full details here

In a filing dated December 31, the company had said that its step-down subsidiary M/s. IDL Explosives Limited had received a large order as part of its regular business.

Amidst the continued rally in the stock market on Friday, the stock of defence sector company Apollo Micro Systems Ltd. is once again on investors’ radar. The company is receiving back-to-back orders. On January 1st, the company announced new orders, and prior to that, it received several orders in December as well.

As of 10:40 am, the stock was trading at ₹276.55, up 0.27 per cent, or ₹0.75, on the BSE, and at ₹276.20, up 0.07 per cent, or ₹0.20, on the NSE. According to BSE Analytics, the company’s stock has returned 122% over the past year.

The company said in its latest exchange filing today that it has been declared the lowest bidder (L1) for an order worth ₹257.89 crore from a defence public sector undertaking (PSU). The order is to be executed within 18 months.

Earlier on Thursday, January 1, 2026, the company announced in an exchange filing that its subsidiary, Apollo Defense Industries Private Limited, has entered into an agreement with a private company for the execution of a contract worth ₹150 crore as part of its normal business operations. This agreement is considered a significant step towards expanding the company’s business and strengthening its order book.

In a filing dated December 31, the company had said that its step-down subsidiary M/s. IDL Explosives Limited had received a large order as part of its regular business.

The company has been awarded a Running Contract (RC) worth ₹4,193.96 million for the supply of bulk explosives to subsidiary companies of Coal India Limited.

In addition, an export order worth ₹15 million for the supply of cartridge explosives has also been received. Together, these two orders bring the company’s total value to ₹4,208.96 million.

Meanwhile, benchmark indices Sensex and Nifty began Friday’s trading session on an optimistic note as steady buying by domestic institutional investors and a rally in blue-chip Reliance Industries drove the stock markets higher in early trade.