Synopsis:

Apollo Micro Systems Ltd. has been declared as the lowest bidder by DRDO and Defence Public Sector Undertakings for a total worth of about Rs 39 crore and also has been approved for Transfer of Technology (ToT) of Mechatronic Fuze for Grenade by DRDO.

The shares of this pioneer in design, development, assembly and testing of electronic and electro mechanical solutions company was in the news due to the successful bidding of two orders one from DRDO and the other from defence public sector undertaking.

With a market cap of around Rs 9,787 Crore this small cap defense stock gained 2% and made a high of Rs. 301.75 compared to its previous day closing price of Rs 291.15. The shares made a 52 week high of Rs 354.7 being around 21% away from its high.

About the two biddings and mo

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