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Apollo Micro Systems shares surge 10%: Defence multibagger stock rallies 3,640% in 5 years; can it rise further?

By · Published by Everything Blog

In short

In the second quarter of FY27, consolidated net profit climbed 54% year-on-year to ₹46 crore as operational revenue advanced 72% to ₹388 crore. The firm's consolidated order book expanded to an unprecedented ₹1,765 crore as of September 30, 2026. Positive sentiment was further bolstered by brokerages like ICICI Direct and Angel One, which set price targets of ₹485 and ₹475, respectively. Angel One also noted that first-half revenue growth of 78% successfully exceeded the management's full-year guidance.

Key points

  • Brokerage targets from ICICI Direct and Angel One project continued upside for the small-…: Brokerage targets from ICICI Direct and Angel One project continued upside for the small-cap defence stock.
  • Earnings momentum is being heavily driven by an expanding order book and substantial oper…: Earnings momentum is being heavily driven by an expanding order book and substantial operational revenue growth.
  • Planned future expansion into explosives and integrated weapon systems provides a catalys…: Planned future expansion into explosives and integrated weapon systems provides a catalyst for prospective earnings.

Sources checked by our analysis pipeline: 1

Apollo Micro Systems shares stole the spotlight among defence stocks on Wednesday, November 11, surging as much as 10.5% in intraday trade. The rally significantly outpaced the broader defence pack, with the Nifty India Defence index rising less than 1%.

The small-cap stock has already delivered multibagger returns over the longer term, gaining around 3,640% in five years. With brokerages maintaining a positive outlook and assigning further upside potential, investors are now assessing whether the latest rally has more room to run.

Apollo Micro Systems shares climbed 10.5% to ₹457.65 apiece during the session. The stock opened at ₹418.50 on the BSE, compared with its previous close of ₹413.80.

The latest surge added to the stock's strong performance across time periods. Apollo Micro Systems has gained around 17% over the past month and three months, while its returns stood at 43% over six months and 65% over one year.

Over five years, the defence stock has soared approximately 3,640%, delivering substantial multibagger returns to long-term investors.

The company reported record performance across key financial metrics in Q2 FY27. Consolidated net…

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