Archive · 31 Jul 2026
Apollo Micro Shares Surge After Navy Device Handover
Apollo Micro Systems is a company that makes safety parts for weapons.
They just finished a big project for the Indian Navy, giving them a new safety device that keeps weapons from accidentally firing.
Because of this, the company's stock price went up a little bit.
The company has already grown a lot in the past year and five years.
The Navy is happy because they no longer need to buy this device from other countries, which saves money and helps India make its own defense equipment.
Apollo Micro Systems shares rose over 3% after announcing the handover of its Safety & Detonation Device to the Indian Navy.
The company has seen a 125% rally in one year and a 3,250% rally over five years.
The Safety & Detonation Device is a critical safety subsystem that prevents accidental weapon firing.
The handover ceremony was attended by Rear Admiral Rupak Barua and senior Indian Navy officers.
Apollo expects the successful indigenisation to lead to more production orders and series production.
- Who
- Apollo Micro Systems Limited and the Indian Navy
- What
- Successful handover of the indigenously developed Safety & Detonation Device
- When
- Friday (date of filing not specified)
- Where
- Indian Navy, location unspecified
- Why
- Indigenous development reduces procurement costs and enhances self-reliance
- Company
- Apollo Micro Systems Limited
- Stock Movement
- +3% intraday
- Project
- Safety & Detonation Device (SDD)
- Recipient
- Indian Navy
- One-Year Rally
- 125%
- Five-Year Rally
- 3,250%