New Delhi, May 8 -- Multibagger defence stock Apollo Micro Systems shares surged more than 7% on Friday, 8 May, after the company announced fresh order wins worth Rs.51.02 crore in the ordinary course of business.

According to the company's filing, the orders include contracts worth Rs.17.47 crore from the Ministry of Defence, Rs.9.52 crore from public sector defence undertakings, and Rs.24.01 crore from private companies.

The order inflow boosted investor sentiment, with the market reacting positively to the company's continued traction in the defence and aerospace segment.

(more to come)

Published by HT Digital Content Services with permission from MINT....