Defence stock Apollo Micro Systems skyrockets 15%

Defence stocks are witnessing strong traction, driven largely by favourable sentiment for the sector, fuelled by increased government spending and strategic deals amid an indigenisation push. The prospect of a surge in government orders and growing opportunities in global exports has brought the sector under investors' radar. In an exchange filing during market hours on August 21, Apollo Micro Systems said it had won orders worth ₹25.12 crore from DRDO and defence PSUs.