Apollo Micro Systems shares stole the spotlight among defence stocks on Wednesday, November 11, surging as much as 10.5% in intraday trade. The rally significantly outpaced the broader defence pack, with the Nifty India Defence index rising less than 1%.
The small-cap stock has already delivered multibagger returns over the longer term, gaining around 3,640% in five years. With brokerages maintaining a positive outlook and assigning further upside potential, investors are now assessing whether the latest rally has more room to run.
Apollo Micro Systems shares climbed 10.5% to ₹457.65 apiece during the session. The stock opened at ₹418.50 on the BSE, compared with its previous close of ₹413.80.
The latest surge added to the stock's strong performance across time periods. Apollo Micro Systems has gained around 17% over the past month and three months, while its returns stood at 43% over six months and 65% over one year.
Over five years, the defence stock has soared approximately 3,640%, delivering substantial multibagger returns to long-term investors.