New Delhi, May 21 -- Although the broader markets have remained range-bound lately, shares of Apollo Micro Systems continued to scale record highs as investor demand for the counter on Dalal Street kept rising, driven by the company's strong growth prospects and massive returns.

Extending its bull run for the fourth straight session on Thursday, the stock touched another record high of Rs.377.70 apiece, marking its third consecutive all-time high.

The continued rally in the defence stock signals that investors remain optimistic about the company's growth prospects and its strategic transition from a component supplier to a full-fledged system integrator.

Its expanding role, robust order pipeline, and improving margin trajectory have al...