Shares of Apollo Micro Systems have taken off like a rocket. The company’s shares closed at Rs 282.95, up 16% on Friday. The company said that it has got license from the government to manufacture missiles, torpedoes, aerial bombs and rockets.
Shares of Apollo Micro Systems Limited, a company associated with the aerospace and defense industry, were blown away on Friday. Shares of Apollo Micro Systems closed at Rs 282.95, up over Rs 16, on the BSE on Friday. The company’s stock also fell to Rs 287.45 during the day’s trading. This surge in the defense company’s stock has come after a big business promotion. Apollo Micro Systems has stated in its exchange filing that the manufacturing company of various types of defense weapon systems and ammunition has received licenses from the Government of India.
Missile, Design and Torpedo Manufacturing Company
Apollo Micro Systems Limited has issued this license to the Department for Promotion of Commerce and Technical Trades (DPIIT) under the Ministry of Commerce and Industry. This license is granted on 10 April 2026 and is valid for lifetime. Under an international ambit, the company is authorized to manufacture, assemble and test high-calibre weapon systems. These weapon systems include missiles, anti-tank guided missiles (ATGM), torpedoes, aerial bombs, rockets and loitering munitions. The manufacturing and testing unit of these weapons will be located in the company’s building.
Shares of defense company Apollo Micro Systems jumped 3023%
Shares of defense company Apollo Micro Systems have increased by 3023 shares in the last 5 years. Shares of Apollo Micro Systems were at Rs 9.06 per share on April 16, 2021. The company’s shares closed at Rs 282.95 on April 17, 2026. Apollo Microsystems stock has seen a rise of 1849 in the last 4 years. If we talk about the last three years, the shares of the default company are up by 796%. Apollo Micro Systems stock has gained 136% in the last one year. The 52-week high level of Apollo Micro Systems stock is Rs 354.65. At the same time, the 52-week low level of the company’s stock is Rs 110.60.
Defense stock is divided into 10 pieces
Apollo Micro Systems Ltd also owns some of its shares. The company has kept its share at 10 percent. Apollo Micro Systems has divided its shares with face value of Rs 10 into 10 stocks with face value of Rs 1 each in May 2023. The promoter’s stake in the company is 52.41%, while the public shareholding is 47.59%.
(symbolic photo)