Apollo Micro Systems share price surged by nearly 30% this week. The defence stock rose close to 10%, reaching a 52-week high during Thursday’s trading session. On Wednesday, Apollo Micro Systems announced that it has received an export order worth USD 13.36 million. This order involves the creation of an advanced avionics system designed for civil and military aircraft applications, AMSL stated in a filing. Apollo Micro Systems share price today opened at ₹183.95 apiece on the BSE, the stock touched an intraday high of 193.55 per share and an intraday low of ₹182.40 apiece.
The company disclosed that it has been awarded an export order amounting to USD 13,366,500 (approximately ₹113.81 crore) for developing an avionic system.
However, due to the sensitive nature of the project, specific technical and program information is restricted by a Non-Disclosure Agreement (NDA) with the client, it noted.
Based in Hyderabad, AMSL provides technology-driven solutions across various sectors such as infrastructure, transportation, aerospace, and defence, among others.
