New Delhi, July 31 -- Apollo Micro Systems shares are among the multibagger stocks that the Indian stock market has delivered inrecent years. The defence stock has rallied by around 125% in one year and by more than 3,250% in five years. However, it seems the defence stock still has some upside potential. After a gap-down opening, Apollo Micro Systems' share price witnessed strong upside, touching an intraday high of Rs.391.95 per share on the NSE, recording an intraday gain of more than 3%.

The multibagger defence stock came under the bulls' radar when it informed the Indian market exchanges about the successful completion of its Indian Navy project. The defence company, which once served ISRO, informed the Indian market exchanges that ...