Shares of Apollo Micro Systems Ltd. (AMS) were in focus on Thursday after the company announced that it has emerged as the lowest bidder (L-1) for defence-related orders worth ₹25.12 crore. The Hyderabad-based technology and defence solutions provider said the bids were placed with the Defence Research and Development Organisation (DRDO) and other defence public sector undertakings (PSUs).
The company clarified in its filing that this order is part of the ordinary course of business, as AMS routinely participates in government and PSU tenders. However, the development has drawn attention as it adds fresh momentum to the company’s growing order book and reinforces its positioning in India’s expanding defence ecosystem.
Meanwhile, shares of Apollo Micro Systems were trading 2.2% higher at ₹207.31 on the NSE, up from the previous close of ₹202.83. The stock has traded between ₹200.55 and ₹211.00 so far today, with a market cap of about ₹69,140 crore. The counter has been active, with trading volumes above 4.6 million shares by mid-session.
Founded in 1997, Apollo Micro Systems specialises in designing, developing, and manufacturing electronic and electro-mechanical systems used across defence, aerospace, railways, and homeland security. The government’s strong push for Atmanirbhar Bharat (self-reliance) in defence manufacturing has created new opportunities for companies like AMS, which have been steadily expanding capabilities in indigenous technologies.
