Archive · 2 Jun 2025
Apollo Microsystems Shares Soar on ₹113 Crore Export Order
Imagine a company called Apollo Microsystems that makes things for airplanes.
They just got a big order worth a lot of money - about 113 crore rupees!
This order is to build special computer systems for both regular and military airplanes.
Because it's a secret deal, we don't know all the details.
This is good news for the company, and it made their stock price go up!
They also bought another company that makes explosives for mining.
The company is doing well overall and expects to grow even more in the next couple of years, possibly tripling their order book.
The stock has gained a lot of value recently, which makes investors happy!
Apollo Microsystems' shares jumped 11% after securing a ₹113.81 crore export order.
The order is for an avionic system for civil and military aircraft applications.
Specific details about the order are undisclosed due to a Non-Disclosure Agreement.
Apollo Micro recently acquired IDL Explosives Ltd. for ₹107 crore.
The company anticipates significant revenue growth and expects its order book to triple.
- Who
- Apollo Microsystems.
- What
- Apollo Microsystems secured a major export order and saw a significant increase in share value.
- When
- Shares surged on Wednesday, May 28, following the announcement.
- Where
- Not specified.
- Why
- Due to a ₹113.81 crore export order for avionic systems.
- Order Value
- ₹113.81 crore
- Order Type
- Export
- Application
- Avionic systems for aircraft
- Acquisition
- IDL Explosives Ltd. for ₹107 crore
- Share Price Increase
- 11.6%
- Recent Stock Performance
- Up 52% in the last month