India's Apollo Microsystems rises to three-month high on ammunitions licence

Apollo Micro Systems

17/04/2026 08:31

** Shares of Apollo Micro Systems APLL.NS rise 12.73% to a three-month high of 273 rupees

** The Indian government grants the defence company licence to manufacture ammunitions

** The licence authorises the company to manufacture, assemble, integrate, and proof-test the following high-value strategic weapon systems and munitions

** More than 10.4 million shares change hands vs 30 day avg of 8.5 million shares

** YTD, stock up 0.37%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))