Multibagger: Apollo Micro Systems gains 9% to hit all-time high, up 230% in a year; here's why

livemint.com:

Apollo Micro systems, as the company's shares delivered a phenomenal return. The shares, which were trading at a value of ₹22.85 apiece a year ago, have seen a meteoric rise of 230% to trade at the current market price of ₹75.45. From its all-time low of ₹3.95 apiece in January 2020, the stock has zoomed 1810% to date.

What makes this achievement even more remarkable is the consistent annual performance of the stock. In every year since CY20, the stock has delivered a stellar return. In CY20, CY21, and CY22, the stock generated returns of 69%, 32%, and 77%, respectively.

So far in the current year, the stock is up by 158%, jumping in value from ₹29.30 to ₹75. In today's trading session, the stock spiked 9.14% to record a fresh all-time high of ₹78.80 apiece. Apollo Micro Systems is a Hyderabad-based company that specialises in the design, develops and sells high-performance, mission- and time-critical solutions to defence space and home land security for the Ministry of Defence, government-controlled public sector undertakings, and the private sector.

The company's shares were listed on the exchanges on January 22, 2018, at a price of ₹454.1 apiece, a premium of 65.1% over the issue price of ₹275. On May 04, the stock turned ex-split as the company divided its equity shares in a ratio of 1:10. Earlier this month, the company announced its plans to establish a defence equipment manufacturing facility in Hardware Park, Hyderabad.