Page 3 - Micro Systems News Today

The Indian stock market managed to retain its upward momentum for a second consecutive session on Friday, bolstered by encouraging cues from Asian markets. Additionally, the Reserve Bank of Indias (RBI) decision to keep policy rates steady during the Monetary Policy Committee (MPC) meeting added to the positive sentiment and garnered investor approval.

After rallying 114% in 2023, this multibagger small-cap stock hit upper circuit recently.

Stocks to watch: Shares of firms like Coal India, JSW Infra, Auto Stocks, Vedanta, Hindustan Zinc, and others will be in focus on Tuesday's trade.

Apollo Micro Systems, a major player in Indias defense sector, plans to establish a defense equipment manufacturing facility in Hyderabad. The facility, with an estimated investment of Rs 150 crores, will expand the companys infrastructure by 3,00,000 square feet and focus on defense electronics and electro-mechanical manufacturing. Apollo Micro Systems has also set up a subsidiary to form alliances and technological partnerships with international companies.

Apollo Micro Systems deals in design, development, and assembly of custom-built electronics and electro-mechanical solutions

On Tuesday, 1907 stocks advanced, 1860 declined and 189 remained unchanged, with an advance decline ratio of 1.02 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

Apollo Micro Systems has been declared as the lowest bidder in multiple projects from the Defence Research and Development Organisation (DRDO) and another government sector company.

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Shares of Apollo Micro Systems have zoomed about 1,400 per cent from its covid-19 low, while the stock has soared more than 460 per cent from its 52-week low.