New Delhi, April 9 -- Multibagger defence stock Apollo Micro Systems share price jumped around 15% on Thursday, April 9, the firm announced successful completion of blast trials for limpet mines, a specialised category of underwater explosives used in naval operations.

According to the company, it is currently the only Indian firm to have successfully developed this product for the Indian Navy, highlighting the strategic importance of the achievement.

Following the development, Apollo Micro Systems' stock price climbed as much as 14.85% to its intraday high of Rs.238.85 per share.

In a regulatory filing dated April 9, the company said the trials mark a major step forward in its efforts to strengthen its position in the underwater defen...