Apollo Micro Systems Share Price | Defense company shares gave 53% return in 1 month, do not miss the buying opportunity – NSE: APOLLO
Apollo Micro Systems Share Price | Shares of defense company Apollo Micro Systems Limited have given 53 percent return to investors in one month. On Tuesday, the company's shares were trading at Rs 144.25, down 4.65 per cent. The total market cap of defense company Apollo Micro Systems Limited is Rs 4,421 crore. Progressive share brokerage firm said about the stock that this stock of the defense company has given a breakout from the falling wedge formation. However, despite the recent rally in Apollo Micro Systems stock, it has returned 26.34% in the last six months. On Wednesday (January 22, 2025), the stock was trading at Rs 135, down 6.41%. The breakout in Apollo Micro Systems shares has laid the groundwork for the rally to continue. Experts say that considering the technical and fundamental strengths, Apollo Micro Systems shares can reach the target price of Rs 175-186 in the short term. Stock market expert Ranadive said that however, investors should be cautious about the defense company's shares as a fall below Rs 120 can change the positive outlook. SEBI registered stock market expert A.R. Ramachandran said that the daily chart of Apollo Micro Systems is showing bearish signs. A.R. Ramachandran said if the stock goes down to Rs 141, it could fall to Rs 118. Apollo Micro Systems Limited Company stock has a one-year beta of 1, indicating average volatility over this period. According to the technical charts, Apollo Micro Systems Company's Relative Strength Index RSI is 74.1, indicating that the stock is not trading in the overbought or overbought zone. Shares of Apollo Micro Systems Company are trading above 5-day, 10-day, 20-day, 3-day, 50-day, 100-day, 150-day and 200-day moving averages.
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