Apollo Micro Systems (NSE:APOLLO, BOM:540879) has secured orders worth 47 million Indian rupees from Economic Explosives and ARDE- Defence Research and Development Organisation (DRDO), according to a Monday filing to the stock exchanges.
The custom-built electronics and electro-mechanical services provider also emerged as the lowest bidder for guidance, navigation and control (GNC) kit by Munitions India for a project worth 722.6 million rupees.
Shares of the company were up over 4% in recent trade.
Price (INR): â¹111.95, Change: â¹+4.8, Percent Change: +4.50%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.