Akash Infra-Projects Ltd. Share Price

Why Is Systematix Bullish on Apollo Micro systems?

Apollo Micro Systems has already gained more than 46% YTD, sharply outperforming the benchmark. Yet Systematix has initiated coverage with a Buy rating and ₹570 target price, implying around 40% upside from its reference price of ₹390. So, what is the brokerage seeing that could justify further upside? The Bigger Defence Opportunity Systematix's core thesis is that Apollo Micro Systems could transition from a supplier of electronic components and subsystems into an integrated defence-system manufacturer. The company has exposure to missile, rocket, torpedo and underwater-mine programmes, with capabilities spanning: Guidance systems Actuators Onboard computers Critical defence electronics Systematix sees a potential ₹12,000 crore opportunity over the next 24 months, including around ₹7,000 crore from mines and torpedoes and another ₹3,000–4,000 crore from programmes such as QRSAM, Akash-NG and Pinaka. Apollo is also planning around ₹600 crore of capacity expansion and pursuing acquisitions that could strengthen its capabilities in explosives, warheads, propulsion and other high-energy materials. Why Is the Brokerage Still Bullish? The interesting part isn't simply the ₹570 target price. It is the potential change in Apollo's business mix and position in the defence value chain. If the company successfully moves from component-level supply toward complete weapon-system integration, its addressable market could expand significantly, with potential implications for both revenue growth and margins. Systematix expects revenue to increase from ₹904 crore in FY26 to ₹2,460 crore by FY28, while adjusted profit is expected to rise from ₹107 crore to ₹336 crore.

See More

RELIANCE RISES 2% TO BE AMONG TOP NIFTY GAINERS

Shares of Reliance Industries Ltd. were among the top Nifty gainers on September 4, rising around 2% as the heavyweight stock crossed its key 100-day moving average (100-DMA). The gains came after RIL’s digital and telecommunications arm, Jio Platforms Ltd., received regulatory clearance to proceed with its proposed initial public offering. The Securities and Exchange Board of India issued its observation letter during the week ended August 28, effectively clearing the way for the company to move ahead with the issue. Jio Platforms had filed its draft IPO documents on June 19. According to the draft prospectus, the offering will comprise up to 270 million new shares, representing an estimated 2.9% dilution of the company’s equity, based on Bloomberg calculations. The company plans to use the proceeds primarily to repay debt and for general corporate purposes. Of the funds raised, around Rs 27,500 crore is expected to be used to repay debt of Reliance Jio Infocomm Ltd. Jio Platforms, led by Akash Ambani, is reportedly targeting an IPO of around $4 billion. Economic Times reported on September 4, citing sources, that the offering could be launched by the end of October or in early November. The company is expected to finalise the IPO dates within the next couple of weeks. It would then begin with overseas roadshows before conducting investor meetings in India, according to the report.

See More

Bharat Dynamics Q1 FY27: Revenue Up 131%, Profit Up 547%

Bharat Dynamics Limited reported standalone Q1 FY27 results for the quarter ended 30 June 2026 on 14 August 2026. Q1 FY27 numbers (standalone): Revenue from operations: Rs 572.24 crore, up 130.8% YoY from Rs 247.93 crore PBT: Rs 165.63 crore; PAT: Rs 118.79 crore, up 547.5% YoY from Rs 18.35 crore, but only 5% QoQ EPS: Rs 3.24; EBITDA margin 14.52% Order book: Rs 26,176 crore as of 31 March 2026, nearly 11 times FY26 revenue The YoY optics carry a collapsed base: Q1 FY26 was crushed by supply constraints on imported seekers and radars. Q1 revenue converted about 2.2% of the book, against brokerage estimates near Rs 1,300 crore from Akash alone. Post results, Goldman Sachs kept a Sell with a Rs 1,150 target citing margin pressure on new platforms. QRSAM, near Rs 30,000 crore, awaits CCS approval expected by September. Bharat Dynamics [][***** shares closed at Rs 1,303.56 on 20 August 2026, down 2.6 percent today and 11.6 percent over one year. 52-week range Rs 1,068 to Rs 1,628. Trailing P/E near 92. My view: the 547 percent is the base talking, not the business accelerating; profit grew 5 percent QoQ. At 92x trailing with 2.2 percent quarterly book conversion, the price assumes execution that Q1 did not show. The book is real, the bottleneck is real, so this stays a hold with two dated triggers: the September QRSAM decision and visible easing in seeker supplies. Fresh entry before either is faith, not analysis. Levels: Rs 1,265 to 1,295 is the August base; below it the March floor near Rs 1,070; overhead, the results-day zone of Rs 1,380 to 1,395, then Rs 1,628. Disclosure: Vijay Kumar Gupta, SEBI Registered Research Analyst, INH000020226, Vijay Gupta Advisory. SEBI registration and NISM certification do not guarantee performance or assure returns. Securities markets are subject to market risks. No holdings in the subject company.

See More

Pinaka Push: Apollo’s Shareholder Opportunity

Apollo Micro Systems is emerging as a key beneficiary of India’s Pinaka rocket programme, with negotiations completed for a 2,000-unit order that could unlock roughly ₹1,700 crore in component revenue. For shareholders, this represents a high-visibility growth catalyst, provided execution keeps pace with ambition. The Indian Army has finalised negotiations for 2,000 Pinaka rockets. Apollo’s role is to design, develop and manufacture critical onboard electronics and subsystems for both standard and guided variants. At an estimated ₹85 lakh per rocket, the addressable opportunity is about ₹1,700 crore. Management expects order formalisation within the current fiscal, adding substantially to its order book. To support 40–45% annual revenue growth guidance, Apollo is scaling operational capacity 12x, with the new facility expected to be fully ready by March 2027. The company has also agreed to acquire a 41.3% stake in Premier Explosives, enabling in-house weapon manufacturing. Beyond Pinaka, the execution pipeline includes QRSAM (₹1,000+ crore), Akash-NG (1,000 missiles), and Multi-Influence Ground Mines (70% of ₹3,500 crore contract), with revenue recognition starting in FY28. Benefits: Large, high-value orders enhance revenue visibility; vertical integration improves margins over time; defence tailwinds and export potential (e.g., Armenia) support long-term growth. Risks: Valuations are steep (P/E ~121x vs 3-year median ~94x); margin pressure from acquisitions; execution delays could disappoint. For shareholders, the Pinaka deal is valuable if Apollo converts negotiations into timely deliveries and sustains margin recovery post-Ideal Explosives integration.

See More

Akash Bhansali’s Paytm Investment Jumps Over 3x to Nearly ₹1,225 Crore

Ace investor Akash Bhansali’s investment in Paytm has delivered a sharp gain, with his stake in One97 Communications, the parent company of Paytm, now valued at nearly ₹1,225 crore. Bhansali, associated with Enam Holdings, built his position in the fintech company when its shares were under pressure following the Reserve Bank of India’s action against Paytm Payments Bank in 2024. He first disclosed a 1.21% stake in One97 Communications during the April-June quarter of 2024, when Paytm shares were trading close to their record lows. According to the latest shareholding data, Bhansali holds 7,921,162 shares of One97 Communications, representing a 1.24% stake in the company. Based on Monday’s intraday price of around ₹1,546 per share, the value of his holding stands at approximately ₹1,225 crore. The current value of the investment is more than three times the estimated ₹360 crore invested initially, implying an increase of around ₹865 crore. On the original investment, the stake is now worth approximately 3.4 times the amount invested. Paytm shares had plunged to a 52-week low of ₹310 following the RBI action. By the end of June 2024, the stock had recovered to ₹465.20, around the period when Bhansali acquired his initial 1.21% stake, according to historical shareholding data. Bhansali subsequently increased his holding, with One97 Communications’ September 2024 shareholding data showing his stake at 1.24%, equivalent to 7,921,162 shares. He has maintained the same number of shares through the latest available quarterly shareholding data. Paytm’s stock has staged a significant recovery from the lows witnessed after the RBI action. Since then, the company has focused on rebuilding its payments business and addressing the regulatory concerns that had weighed heavily on investor sentiment.

See More

### Stocks in Focus **

** – Avantel secured an **₹83.80 crore order** from **Zetwerk Manufacturing Businesses Limited** for the supply of **satellite communication equipment**, strengthening its defence and communication order book. *(Positive)* ** ** – Prominent investors **Madhuri M. Kela** and **Akash Bhansali** (through Profitex Shares Pvt. Ltd.) acquired a combined **58.62 lakh shares** at **₹290/share**, indicating strong institutional/HNI confidence. *(Positive)* ** ** – RITES secured a **₹175.41 crore order** from **Babasaheb Bhimrao Ambedkar University**, further strengthening its execution pipeline and order book. *(Positive)* ** ** – HUDCO reported **June loan disbursements of ₹16,377 crore**, up from **₹12,812 crore** a year ago, reflecting strong credit growth and business momentum. *(Positive)* ** ** – Wealth First Portfolio acquired a **51% stake in Wealth First Advisors** at an equity valuation of **₹102 crore**, with the remaining 49% to be acquired by **March 2029** through a share swap. The acquisition strengthens its wealth management platform. *(Positive)* ** ** – RailTel received a **₹108 crore work order** from **Mahanadi Coalfields Limited**, improving revenue visibility and supporting its order book. *(Positive)*

See More