Apollo Micro Systems shares soar 8% to hit a 52-week high; here’s what’s driving the rally

This comes on the heels of the company on Thursday announcing that its step-down subsidiary, Apollo Strategic Technologies Private Ltd (ASTPL), signed a Memorandum of Understanding (MoU) with Dynamic Engineering and Design Incorporation, USA.

The MoU was signed for the technology transfer, codevelopment, and potential licensed production of rocket motors for BM-21 Grad ER and Non-ER rockets at DSEI London on September 10.

Apollo Group has already successfully developed the 122mm rocket warhead in-house and is now gearing up to start immediate trials and further establish full-scale production by mid-2026, it said in a regulatory filing.

The MoU, signed by ASTPL, a direct subsidiary of Apollo Defence Industries Private Limited (ADIPL), is a strategic step toward indigenising propulsion technologies for multibarrel rocket systems and enhancing self-reliance in critical defence systems under the “Make in India” initiative, it added.

It will also allow Apollo to integrate indigenously developed warheads with domestically produced rocket motors.

“The BM-21 Grad rockets remain among the most widely demanded unguided rockets in the global defence market. With this initiative, Apollo Group will emerge as one of the private companies in India to offer a fully in-house developed rocket system of this calibre, strengthening India’s position in the global defence supply chain and contributing to the Government of India’s vision of self-reliance in defence production,” it said.

In a separate regulatory filing in late August, the company announced it had been approved as the production agency for Multi-Influence Ground Mine (MIGM) in Vighana under the Development Cum Production Partner (DcPP) by the Defence Research and Development Organisation (DRDO).

Furthermore, Apollo Micro Systems also entered into an agreement with DRDO for the transfer of technology (TOT) of Omni-Directional multi-EFP warhead for NASM-SR Missile.

Apollo Micro Systems' share performance

The stock was trading 6.09% higher at ₹316.05 per equity share, as of 12:32 pm.

The share gained 0.89% over the week and 67.53% over the month. On a year-to-date basis, it surged 168.77%.

The scrip hit a year’s low of ₹87.99 per equity share on October 23, 2024.

Apollo Micro Systems has a total market capitalisation of ₹10,541.29 crore, as of September 12, 2025, according to data on the NSE.

Apollo Micro Systems Q1 results

The company reported more than double year-on-year (YoY) growth in its profit after tax (PAT) to ₹17.7 crore in the June quarter of FY26. Its revenue from operations surged 46% YoY to ₹133.6 crore in the quarter under review, compared to ₹91.2 crore in the first quarter of FY25.