Archive · 22 Sep 2026
ICICI Direct Sees 25% Upside in Apollo Micro Systems
Apollo Micro Systems makes specialized equipment for defence, aerospace, and space uses.
Its shares rose sharply during Tuesday’s trading.
ICICI Direct believes the company could grow because it is receiving more orders.
The brokerage gave the shares a Buy rating.
It expects the price to reach ₹485 within 12 months.
The company’s order book grew from ₹735 crore to ₹1,704 crore.
Management expects more orders worth ₹2,500–3,000 crore during FY27.
However, the stock’s performance has not been equally strong over every recent period.
Apollo Micro Systems shares rose 5.96% to ₹408.90 during Tuesday’s intraday trading.
ICICI Direct assigned a Buy rating and set a 12-month target price of ₹485.
The company’s order book increased from ₹735 crore in Q1FY26 to ₹1,704 crore in Q1FY27.
Management expects ₹2,500–3,000 crore in additional orders during FY27.
The stock gained about 106% in six months but fell around 3% over three months.
- Who
- Apollo Micro Systems Limited and ICICI Direct.
- What
- Apollo Micro Systems shares rose, while ICICI Direct issued a Buy rating and ₹485 target price.
- When
- During Tuesday’s intraday trading; the target applies over 12 months.
- Where
- The Hyderabad-headquartered company’s shares were trading on BSE.
- Why
- ICICI Direct cited the company’s execution, order inflows, defence systems contribution, technological capabilities, and expanding order pipeline.
- Brokerage view
- ICICI Direct rated Apollo Micro Systems Buy.
- Target price
- ₹485 over a 12-month period.
- Share price
- ₹408.90, up 5.96% at 11:50 a.m. on Tuesday.
- Market capitalisation
- ₹15,194.70 crore.
- Order book
- ₹1,704 crore in Q1FY27, compared with ₹735 crore in Q1FY26.
- Expected additional orders
- Management expects ₹2,500–3,000 crore during FY27.
- Six-month performance
- The stock gained approximately 106%.