Defence stock alert, Sept. 22 -- Shares of Apollo Micro Systems Limited surged around 6% during Tuesday's intraday trading session, extending gains made over the past few weeks. Strong execution, consistent order inflows and rising contribution in defence systems are likely to boost the company's strong earnings growth, according to ICICI Direct which sees 25% upside in the stock.

The Hyderabad-headquartered company designs, develops, and sells high-performance, mission and time-critical solutions to aerospace, defence, space, etc.

Given the company's strong capabilities in developing niche products, it is well placed in terms of capturing upcoming opportunities in existing and new markets, according to the ICICI Direct report.

With it...