New Delhi, Nov. 11 -- Apollo Micro Systems shares stole the spotlight among defence stocks on Wednesday, November 11, surging as much as 10.5% in intraday trade. The rally significantly outpaced the broader defence pack, with the Nifty India Defence index rising less than 1%.

The small-cap stock has already delivered multibagger returns over the longer term, gaining around 3,640% in five years. With brokerages maintaining a positive outlook and assigning further upside potential, investors are now assessing whether the latest rally has more room to run.

Apollo Micro Systems shares climbed 10.5% to Rs.457.65 apiece during the session. The stock opened at Rs.418.50 on the BSE, compared with its previous close of Rs.413.80.

The latest sur...