New Delhi, Oct. 28 -- Defence multibagger Apollo Micro Systems has maintained its upward trend in recent sessions, with the stock witnessing a sharp rise in buying interest following the release of its September-quarter results, which came in above analysts' estimates.

The upbeat results also prompted domestic brokerage firm Systematix Institutional Equities to maintain its bullish stance on the stock, retaining its Buy rating and target price of Rs.570 apiece, indicating an upside potential of 37% from the stock's latest close of Rs.415.

Earlier this week, the company reported a 55.6% year-on-year increase in net profit to Rs.48.4 crore, while revenue from operations surged 72.2% YoY to Rs.388 crore. EBITDA rose 87.6% year-on-year to R...