Apollo Micro Systems Stock Gains After Raising Over ₹416 Crore

Apollo Micro Systems, a company that works in aerospace and defense, saw its stock price go up.

The company got more than 416 crore rupees by selling new shares and warrants, which are like promises to buy shares later.

The money came from the company itself, a director, and a mutual fund.

The company plans to use the money to grow, pay for its day-to-day operations, and develop new technologies.

On the day the news came out, the stock started higher, though it later went down a bit before recovering to trade in the green, increasing in value.