India's Apollo Micro Systems rises on 109 mln-rupee order

Bharat Dynamics

28/08/2024 06:58

** Shares of Apollo Micro Systems  APLL.NS  up 1.7% to
106.85 rupees after rising as much as 2.8% earlier in the
session
    ** Electronics component maker gets order from Bharat
Dynamics  BARA.NS  for 109 million rupees ($1.30 million)
    ** Also declared as lowest bidder for order worth 57.3
million rupees from Controllerate of Naval Armanent
    ** APLL down ~10% so far in August, had gained 11.5% in July
for best month since April 2024
    ** Stock down ~6% YTD, had jumped 290% in 2023 for fourth
straight year of gains

($1 = 83.9490 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))