India's Apollo Micro Systems up new manufacturing facility plans
03/10/2023 05:29
** Shares of Apollo Micro Systems APLL.NS up as much as
8.6% to 61.50 rupees
** The defence electronics maker on Monday said it proposes
to set up a defence equipment manufacturing facility in
Hyderabad
** Total investment for this upcoming venture is estimated
to be ~1.50 bln rupees ($18 mln)
** Over 2.2 mln shares change hands as of 09:55 a.m. IST,
1.5x the 30-day moving avg
** Including day's move, stock has more than doubled so far
this year
($1 = 83.2050 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
((Kashish.tandon@thomsonreuters.com))
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