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Apollo Micro Systems has received significant orders from defence and government entities as well as private sector companies aggregating to Rs 73.32 crore.
The orders include critical Homing systems for Heavy Weight Torpedoes, Fire Control Systems, Launchers for Strategic Missile Programmes, other Avionic LRU's for Missile and other Platforms, Cyber Security Systems for Intelligence Department.
The scope of work covers critical homing systems for heavyweight torpedoes, fire control systems, launchers for strategic missile programs, avionic LRUs for missiles and other platforms, and cybersecurity systems for intelligence departments.
Apollo Micro Systems, a pioneer in defence technology, specializes in the design, development, and manufacture of advanced electronic, electromechanical, and engineering systems.
The company’s consolidated net profit surged 25.4% to Rs 22.88 crore on a 70% jump in net sales to Rs 252.22 crore in Q3 FY26 over Q3 FY25.
Shares of Apollo Micro Systems rose 0.51% to Rs 215.25 on the BSE.
Safari Industries (India) Ltd, Easy Trip Planners Ltd, Birla Corporation Ltd and KRN Heat Exchanger and Refrigeration Ltd are among the other losers in the BSE's 'A' group today, 02 March 2026.
Apollo Micro Systems Ltd lost 9.84% to Rs 214.5 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 7.43 lakh shares were traded on the counter so far as against the average daily volumes of 1.51 lakh shares in the past one month.
Safari Industries (India) Ltd tumbled 7.51% to Rs 1716. The stock was the second biggest loser in 'A' group.On the BSE, 6198 shares were traded on the counter so far as against the average daily volumes of 4322 shares in the past one month.
Easy Trip Planners Ltd crashed 7.19% to Rs 8. The stock was the third biggest loser in 'A' group.On the BSE, 24.72 lakh shares were traded on the counter so far as against the average daily volumes of 60.88 lakh shares in the past one month.
Birla Corporation Ltd corrected 6.81% to Rs 933. The stock was the fourth biggest loser in 'A' group.On the BSE, 12093 shares were traded on the counter so far as against the average daily volumes of 5170 shares in the past one month.
KRN Heat Exchanger and Refrigeration Ltd dropped 6.78% to Rs 930.05. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.4 lakh shares were traded on the counter so far as against the average daily volumes of 2.73 lakh shares in the past one month.
IDL Explosives has been granted a running contract (RC) for supply of bulk explosives to subsidiaries of Coal India amounting to Rs 419.39 crore.
It also has secured an export order value of Rs 1.5 crore for supply of cartridge explosives.
'The cumulative value of orders received amount to Rs 420.89 crore,” the company said in a statement.
Apollo Micro Systems, a pioneer in defence technology, specializes in the design, development, and manufacture of advanced electronic, electro-mechanical, and engineering systems.
The company’s consolidated net profit surged 98.2% to Rs 31.11 crore on 40.2% jump in net sales to Rs 225.26 crore in Q2 Sept 2025 over Q2 Sept 2024.
Pharma shares tumbled for third straight session.
At 12:25 ST, the barometer index, the S&P BSE Sensex declined 308.73 points or 0.36% to 85,104.61. The Nifty 50 index dropped 79.30 points or 0.30% to 26,063.35.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.19% and the S&P BSE Small-Cap index added 0.04%.
The market breadth was negative. On the BSE, 1,848 shares rose and 2,140 shares fell. A total of 205 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 0.48% to 9.15. The Nifty 30 December 2025 futures were trading at 26,081.50, at a premium of 18.15 points as compared with the spot at 26,063.35.
The Nifty option chain for the 30 December 2025 expiry showed a maximum call OI of 285 lakh contracts at the 26,100 strike price. Maximum put OI of 196.4 lakh contracts was seen at 26,000 strike price.
Buzzing Index:
The Nifty Pharma index declined 0.39% to 22,668.10. The index declined 1.13% in the three consecutive trading sessions.
Sun Pharmaceutical Industries (down 1.66%), Piramal Pharma (down 1.29%), Ajanta Pharma (down 0.79%), Alkem Laboratories (down 0.75%), Ipca Laboratories (down 0.67%), Zydus Lifesciences (down 0.65%), Torrent Pharmaceuticals (down 0.61%), Mankind Pharma (down 0.53%), Glenmark Pharmaceuticals (down 0.5%) and Lupin (down 0.1%) declined.
Stocks in Spotlight:
NTPC rose 0.95%. The company announced the commercial operation of the remaining 13 MW of its 23 MW Solapur Solar PV Project in Maharashtra, taking the project to full capacity.
Apollo Micro Systems climbed 2.17% after the company received orders amounting to Rs 100.24 crore from a private company for the supply of Unmanned Aerial Systems.
Panacea Biotec surged 14.66% after it has received an award from the United Nations International Children’s Emergency Fund (UNICEF) for the supply of its WHO pre-qualified pentavalent vaccine, Easyfive-TT, for 2023–2027.