Multibagger stock: Apollo Micro Systems shares climb 3.5% on securing defence explosive license

Systems Share Price: Shares of Hyderabad-based Apollo Micro Systems are in uptrend today (December 19) after it subsidiary secured an industrial licence for manufacturing high-explosive compounds. The defence stock opened higher at Rs 230 and went on to make a high of Rs 234.85, up more than 3.50 per cent. Around 11:30 PM, the counter traded firmly in the green to quote at Rs 234 with 12.39 lakh equities changing hands. Apollo Micro Systems shares are currently trading higher than 200-day moving averages but lower than 5-day, 20-day, 50-day and 100-day moving averages.