Apollo Micro Systems Shares: Apollo Micro Systems saw its share price rise more than 4% on Tuesday after the company got a new licence that allows it to make special equipment for defence aircraft. This licence covers unmanned helicopters and unmanned aerial systems, a space that is growing fast because India wants to become more self-reliant in defence manufacturing.
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Licence Covers UAVs, Radar and Navigation Systems
The company shared that the new licence is not only for UAVs. It also includes other defence tools like inertial navigation systems and radar equipment. Apollo Micro
The licence is important because India wants to make more defence products inside the country. With this approval, Apollo Micro Systems can now take part in more defence projects that need UAVs, radar tech and navigation systems.
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In the last few quarters, the Indian military has asked for more UAVs and radar systems. India still buys a large amount of defence equipment from other countries, so this licence fits with the goal of making more things at home.
Market Response
As of 3:30 PM IST on December 2, Apollo Micro Systems Ltd (NSE: APOLLO) closed at ₹280.00. The stock went up by 4.36% or ₹11.70 for the day. At 2:25 PM, it was trading at ₹279.70, reported HDFC Sky.
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During Tuesday’s session, the stock opened at ₹267.40 and moved between ₹265.00 and ₹281.50. The company now has a market value of ₹9,930 crore. Its P/E ratio stands at 113.03 and the dividend yield is 0.089%. It touched a 52-week high of ₹354.70 and a 52-week low of ₹92.55. The company also gives a quarterly dividend of ₹0.062.
Investors are to watch how the company builds new facilities, how fast it gets fresh orders, and how well it handles the defence rules and approval steps.
