India's Apollo Micro jumps after unit acquires explosives manufacturing firm

Apollo Micro Systems

05/05/2025 10:05

** Shares of Apollo Micro Systems APLL.NS rise 6.6% to 124.1 rupees

** Engineering firm's unit Apollo Defence Industries acquires industrial explosives maker IDL Explosives for 1.07 billion rupees ($12.7 million)

** Stock set for biggest one-day gain since early-March

** Stock on track for busiest trading session since late-January, with volumes at 2.6x the 30-day avg

** APLL up ~7% YTD

($1 = 84.3840 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))