Apollo Micro Systems Secures New Defense Order Amid Stock Fluctuations and Surveillance Measures
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Apollo Micro Systems Secures New Defense Order Amid Stock Fluctuations and Surveillance Measures

Apollo Micro Systems Ltd (AMSL) has been awarded a new order worth Rs 257.89 million by a defense PSU, to be executed within 18 months. This follows a recent Rs 150 crore agreement by its subsidiary, Apollo Defense Industries Private Limited. Despite these new orders, the company's stock experienced a dip, trading lower than its 100-day moving average but higher than other key moving averages. The BSE has placed the stock under a surveillance measure.

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