Apollo Micro Systems’ share price surged by 12%, currently trading at ₹146.4. This marks a notable performance as part of the broader market trend in the BSE Capital Goods index, which is up by 0.8% at 65,700.1 points. Among the top gainers in the sector are Hindustan Aeronautics (up 2.4%) and BHEL (up 1.4%), while Adani Green Energy and Thermax are down by 1.2% and 0.6%, respectively.
Over the past year, Apollo Micro Systems’ share price has increased from ₹122.8 to ₹146.4, reflecting a growth of 19.3% (₹23.7). Meanwhile, the BSE Capital Goods index has risen by 16.4% in the same period. Top gainers in the sector include Bharat Electronics (up 53.1%), Siemens (up 49.9%), and Hindustan Aeronautics (up 40.8%).
Benchmark Indices Performance:
The BSE Sensex is currently at 77,216.4, up by 0.8%, with Kotak Bank (up 9.3%) and Bajaj Finance (up 3.0%) among the top gainers. The NSE Nifty is at 23,366.4, gaining 0.7%, with Kotak Bank and Wipro leading the rally.
Apollo Micro Systems Financial Performance:
- Q2 FY24: Net profit grew 139.8% year-on-year to ₹157 million (compared to ₹66 million in Q2 FY23). Net sales rose by 84.4% to ₹1,607 million.
- FY24: Net profit increased by 66.0% to ₹311 million (compared to ₹187 million in FY23), while revenue grew 24.9% to ₹3,716 million.
- The stock has a high Price to Earnings (P/E) ratio of 95.4 based on rolling 12-month earnings.
Apollo Micro Systems continues to attract investor attention with its impressive financial growth, making it one of the top-performing stocks in the capital goods sector.