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Apollo Micro Systems shares: Up 45% in YTD! Defence stock rebounds 3% from today's low; here's why | Target, stop-loss

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In short

The acquisition financing milestone helped the stock recover from an intraday low of ₹389.65 on the National Stock Exchange. Public shareholders oversubscribed the open offer of 1,39,77,600 shares by 1.41% under the agreement framework. Backed by solid quarterly performance and constructive chart setups, market analysts are establishing upside price targets reaching up to ₹475.

Key points

  • The stock rebounded 3% from its intraday low of ₹389.65 following the escrow funding anno…: The stock rebounded 3% from its intraday low of ₹389.65 following the escrow funding announcement for the acquisition.
  • Sumeet Bagadia of Choice Broking set a near-term target of ₹470 supported by a strict sto…: Sumeet Bagadia of Choice Broking set a near-term target of ₹470 supported by a strict stop-loss at ₹399.
  • Mahesh M Ojha of Kantilal Chhaganlal Securities recommended accumulating the stock for ta…: Mahesh M Ojha of Kantilal Chhaganlal Securities recommended accumulating the stock for targets reaching up to ₹475-plus with a stop-loss below ₹370.

Sources checked by our analysis pipeline: 1

Apollo Micro System share price rebounded 3% after touching intraday low of ₹389.65 on NSE in Monday's trading session after the company announced fundraise for acquisition of the company.

Apollo Microsystem shares opened at ₹402 per share today, as compared to previous close of ₹398.75 on Friday last week.

Apollo Micro System Limited has deposited ₹986.35 crore into a special escrow account maintained with State Bank of India (SBI) to facilitate its acquisition of shares in Premier Explosives Limited (PEL), marking a key step in the ongoing transaction.

In a regulatory filing to the stock exchanges on Monday, the company said its open offer to acquire 1,39,77,600 equity shares, representing 26% of Premier Explosives’ equity capital, received a positive response from public shareholders. The offer, which opened on October 12, 2026, and closed on October 26, 2026, was oversubscribed by 1.41%, indicating demand beyond the targeted acquisition size.

The company confirmed that the entire purchase consideration of ₹986.35 crore has been deposited into the special escrow account with SBI for payment to eligible public shareholders.

The development follows the Share…

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