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4h ago

Apollo Micro Wins DRDO Production Role and ToT for NASM-SR Warhead as Shares Hit Record High

Exchanges placed the stock under short-term surveillance for unusual volatility.

This multibagger defence stock rises 12% today, triples investors wealth in 10 months
Apollo Micro bags DRDO nod, tech transfer pact for NASM-SR warhead; stock soars 12% to record high
DRDO, Apollo Micro Systems

Overview

  • DRDO’s DcPP approved Apollo Micro as the production agency for the MIGM–Vighana naval mine, and a separate pact transfers Omni-Directional multi-EFP warhead technology for the NASM-SR missile.
  • The stock jumped up to 12% to a lifetime high of Rs 271.60 before easing, extending a roughly 130% six-month rally.
  • BSE and NSE shifted the shares to the short-term ASM framework to caution investors about sharp price moves.
  • Choice Broking cites a dual growth engine of in-house innovation and acquisitions, including IDL Explosives, with an about Rs 735 crore order book and Unit-3 capacity expected to support deliveries from FY27.
  • Analysts flag stretched valuations after the multibagger run and recommend phased profit booking, while promoter ownership stands at 50.65% and retail at 34.45%.