Apollo Micro Systems: 13,000 new shares tradable

What triggered the move on 9 June

Apollo Micro Systems rose more than 2% on 9 June after disclosing a corporate update through regulatory filings. The company said trading approval has been granted for 13,000 newly allotted equity shares. These shares were issued after the conversion of warrants. The approvals cover both the NSE and the BSE, according to the filing referenced in the provided context. The development came at a time when the stock has already been in focus following strong March-quarter earnings. The stock is categorised in the Aviation sector and Aerospace and Defence industry in the provided data.

Exchange approval details: newly allotted shares

The company informed exchanges that 13,000 equity shares allotted upon conversion of warrants have been approved for trading. The issue price for these shares was stated as ₹114 per share. Apollo Micro Systems also clarified that these shares rank pari passu with its existing equity shares, meaning they carry the same rights. Trading approval for the new shares became effective from 9 June. The disclosure was made via regulatory filings, which investors typically track for changes in equity base and other corporate actions. The number of shares is small relative to the company’s overall traded equity, but the update added to headline activity in the stock.

Q4FY26 earnings in focus

Alongside the corporate action, the company reported strong Q4FY26 earnings in the context provided. Apollo Micro Systems posted a net profit of ₹38 crore for the quarter. It also reported year-on-year revenue growth of 81% for Q4FY26. The combination of profit momentum and high growth in revenue was cited as a key driver behind recent buying interest. The stock’s sharp moves across multiple sessions were repeatedly linked to the March 2026 quarter results in the information shared.

How the stock traded during the session

Price data in the context points to an active trading range on 9 June. One set of figures said the stock opened at ₹412.90 on the BSE, hit an intraday high of ₹415.55 and a low of ₹408.40. Another set of session data listed an open price of ₹410.00, with the day’s high at ₹431.20 and the day’s low at ₹404.15, against a previous close of ₹407.00. The 52-week high was listed at ₹446.90 and the 52-week low at ₹162.34. Taken together, the numbers indicate heightened volatility and strong interest around key price levels.

Technical view highlighted in the market

A technical view attributed to Anshul Jain, Head of Research at Lakshmishree, was included in the provided context. He said the stock is consolidating in a bullish flag formation after breaking out to fresh all-time highs above 354.7. The consolidation was described as constructive rather than corrective, with price action allowing the 20-day moving average to catch up. The 20-day moving average was cited as being positioned near 381. Such commentary is often watched by short-term traders for support and resistance levels, but it does not change the underlying corporate disclosures.

Recent performance: multiple windows of sharp gains

Apollo Micro Systems has been described as a multibagger in the provided text, with several return metrics cited across time periods. The stock was said to have rallied nearly 40% in seven sessions after releasing Q4FY26 results. It was also described as up over 44% in one month and 178% in one year, with a gain of over 57% so far in 2026. Another reported window said the stock jumped 5% to hit a fresh 52-week high of ₹433.80 on the NSE in morning trade. Separately, the stock was also said to have gained more than 12.6% on a Monday to hit a record high of ₹400, while the company’s market capitalisation was noted as nearing ₹14,300 crore at that point.

Broking views cited: HDFC Securities and Choice Institutional Equities

The provided context referenced multiple brokerage views after the March-quarter results. HDFC Securities maintained a ‘Buy’ rating and raised its target price to ₹400, a level the stock was said to have crossed. Choice Institutional Equities was described as moderating its stance after the sharp rally. It cut its rating to ‘Add’ from ‘Buy’, while assigning a target price of ₹365 per share. The context also noted the stock closing Tuesday at ₹340, up nearly 10%, after a 6% jump in the previous session, for a two-day rise of 16% alongside the March quarter results.

Business profile and customer base

Apollo Micro Systems is described as Hyderabad-based and active for nearly three decades. The company specialises in designing, developing, and selling mission-critical and time-sensitive solutions. It serves the Ministry of Defence, government-controlled public sector undertakings, and private sector companies, as stated in the text. The product and solution areas mentioned include embedded systems, electronic warfare suites, electro-optic systems, and complete weapon system solutions. It also caters to the Indian Armed Forces and global customers, per the provided information.

Licensing update: ammunition manufacturing approval

A separate corporate development in the context related to manufacturing licensing. Apollo Micro Systems said it received a licence from the Government of India, Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade (DPIIT), to manufacture ammunitions. The licence was described as valid for a lifetime and issued on 10 April 2026. The stock was reported to have surged 16% intraday on Friday, 17 April, after this update. The same section cited long-term returns of 3058% in five years and 782% in three years, as well as a one-month rise of 41% and a year-to-date gain of 3.75% in that window.

Key data points at a glance

Price and range indicators mentioned

What investors will track next

The immediate trigger for the 9 June move was the start of trading for the 13,000 newly allotted shares post warrant conversion. Beyond that, market attention remains on the strength of the March-quarter performance, where net profit was reported at ₹38 crore and revenue growth at 81% year-on-year. Investors will also watch how the stock behaves near technical levels cited in the market commentary, including the breakout reference above 354.7 and the 20-day moving average around 381. Brokerage targets and rating changes highlighted in the context show that valuations are being reassessed after the sharp rally. Any further regulatory filings on equity issuance, order wins, execution, or licensing progress would be key for tracking fundamentals.