Apollo Micro Systems shares on Tuesday zoomed nearly 9 percent in an otherwise weak market on the announcement of the incorporation of a state-of-the-art defense equipment manufacturing facility in Hyderabad.
The stock, with a market cap of Rs 1,396 crore, opened with a gain of 4.15 percent at Rs 59 apiece on NSE and hit a high of Rs 61.5, up 8.56 percent.
Apollo Micro Systems shares have gained after three days of consecutive fall, outperforming the sector by 6 percent during Tuesday’s trade.
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