New Delhi: Defence sector company Apollo Micro Systems has turned out to be a multibagger stock, rewarding investors handsomely. In just the past six months, the company’s shares have doubled investor wealth, delivering a return of over 140%. Over the last five years, the stock has skyrocketed by more than 2,300%, making it one of the biggest wealth creators in the market.
Apollo Micro Systems: Strong Growth Story
Apollo Micro Systems is engaged in the supply of electronics and electromechanical systems to India’s defence sector. Its products are used in missile programs, underwater missile systems, avionics, and submarine systems.
On Tuesday, the stock opened at ₹275.25 and surged to ₹290.80, boosting the company’s market capitalization to ₹9,240 crore.
Investors’ Wealth Doubled in 6 Months
In just six months, Apollo Micro Systems has delivered a return of 140.25%, with the share price rising by more than ₹163. On March 10, 2024, the stock was trading at ₹116.90, compared to ₹290.80 now. The stock’s 52-week high currently stands at ₹321.
From ₹11 to ₹290 in 5 Years
Apollo Micro Systems has been a classic multibagger over the last five years. The stock jumped from ₹11 to ₹290, giving investors a staggering 2,323.78% return. To put it in perspective, an investment of ₹1 lakh in the stock five years ago would be worth over ₹24.23 lakh today.
Analysts See More Upside
The rally isn’t over yet. Over the past year alone, the stock has gained 172%. According to Shitij Gandhi, Senior Research Analyst at SMC Global Securities, the stock has shown strong momentum in recent weeks. Despite sharp gains, it has managed to hold above its long-term moving averages. Gandhi expects Apollo Micro Systems to potentially rise to ₹315 per share in the near term.
Disclaimer: Stock market investments are subject to risks. Investors should consult financial experts before making investment decisions.
