Multibagger defence stock:

APOLLO

Systems jumps 4% on fresh order win from DRDO

Defence Stock: Shares of Hyderabad-based defence company Apollo Micro Systems are in high demand today (Nov 15) following an order win from Defence Research and Development Organisation (DRDO) and a private company. Post order win, Apollo Micro Systems shares jumped more than 4 per cent to make an intraday high of Rs 270.80. Around 1:45 PM, the defence stock traded firmly in the green to quote near day's high -- at Rs 270.30, up 4.08 per cent. As many as 28 lakh shares of the company changed hands around the same time. The defence stock today gained after two days of consecutive fall. The counter is trading higher than 100-day and 200-day moving averages but lower than 5-day, 20-day and 50-day moving averages.