India's Apollo Micro Systems gains after order wins

Apollo Micro Systems

25/11/2024 07:49

** Shares of Apollo Micro Systems  APLL.NS  jumps 4.9% to 96
rupees, their steepest climb since Oct. 24
    ** Electronic, engineering co says it was declared lowest
bidder for orders worth 169.6 million rupees ($2.01 million)
from entities including Defence Research and Development
Organization (DRDO) and Indian army
    ** Got orders worth 46.5 million rupees ($551,843.63) from
DRDO and Adani - APLL
    ** Co sees busiest day in over two weeks, with over 1.6 mln
shares traded
    ** YTD stock down 16%, after four straight yealy gains


($1 = 84.2630 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))