Apollo Micro Systems, a prominent player in the defense and aerospace sector, has emerged as a significant wealth creator for its investors, delivering astounding multibagger returns. Over the past five years, the stock has witnessed an incredible rally of more than 2099%. This exceptional performance extends to shorter periods as well, with the stock appreciating over 126% in the last year and more than 67% in the past six months. The share recently touched an all-time high of ₹154.55.
In a strategic move to enhance liquidity and make its shares more accessible to a broader base of investors, particularly small retail participants, the company announced a significant stock split. Apollo Micro Systems confirmed a 1:10 stock split, which means each equity share with a face value of ₹10 will be subdivided into ten equity shares, each having a face value of ₹1. The record date for this stock split has been set as Saturday, January 27, 2024.
Apollo Micro Systems specializes in the design, development, and assembly of high-performance electronic, electromechanical, and engineering systems. The company’s comprehensive services encompass research, design, development, manufacturing, and supply of sophisticated electronic components crucial for applications across space, air, and marine environments. Its esteemed clientele includes various ministries and organizations within the critical defense sector, highlighting its vital role in advanced technological solutions
Read More: Apollo Micro Systems A Multibagger Marvel Surging Over 2000% in Five Years
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