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The Economic Times

Business

Veer Sharma

Multibagger Apollo Micro Systems shares soar 19% in two sessions. What’s behind the sharp rise?

Apollo Micro Systems

Shares of multibagger defence firm Apollo Micro Systems jumped up to 8% to a record high of Rs 369 on the BSE on Wednesday, extending their rally for a second straight session and soaring 20% over the two days.

The rally follows a strong Q4 performance, with Apollo Micro Systems posting a 163% surge in consolidated net profit to Rs 36.8 crore, up from Rs 14 crore a year ago. Revenue from operations also jumped 81% YoY to Rs 293.3 crore, compared with Rs 161.8 crore in the year-ago period.

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