Apollo Micro Systems to participate in Defence Expo at Gandhi Nagar, Gujarat

Apollo Micro Systems Ltd will be participating in upcoming Defence Expo on March 10, 11 and 12th 2022 at Gandhi Nagar, Gujarat, India. The company shall show case its technologies during the show. The company shall also show case the newly developed products in Weapon Electronics for Missiles and also underwater Weapon Electronics and underwater Mines.

The company has recently developed Surveillance short endurance drones and the product range will be showcased during the upcoming Defence expo. The Civil Aviation Ministry estimates India's drone sector to achieve a total turnover of Rs. 120-150 billion (US$ 1.63-2.04 billion) by 2026, from its current turnover of about Rs. 800 million (US$ 10.88 million). The Company is entering into this potential market with its developed systems.

Shares of Apollo Micro Systems Limited was last trading in BSE at Rs. 130.65 as compared to the previous close of Rs. 131.25. The total number of shares traded during the day was 12839 in over 243 trades.

The stock hit an intraday high of Rs. 132.95 and intraday low of 125.55. The net turnover during the day was Rs. 1666384.00.

Source : Equity Bulls

Keywords

ApolloMicroSystems INE713T01010 DefenceExpo WeaponElectronics