Space-related stocks surged up to 7% in early trade after the Union Cabinet approved amendments in the FDI policy for the space sector, allowing 100% FDI. This move aims to attract overseas players and private companies. MTAR Technologies saw a 7% surge in intraday trade.
Apollo Micro Systems' shares have surged about 375 per cent in the year 2023 so far and the stock has more than doubled investors' wealth in the last one month.
Apollo Micro Systems reported a 300 per cent rise in the consolidated net profit on a year-on-year (YoY) basis to Rs 6.56 crore in the September 2023 quarter.
Apollo Micro Systems shares surged another 15 per cent to Rs 105.40 on Wednesday, hitting new highs and commanding a market capitalization of or more than Rs 2,350 crore.
Apollo Micro Systems shares surged more than 10 per cent to Rs 84.13 on Tuesday, hitting its new 52-week high, commanding a total market capitalization of close to Rs 2,000 crore.