100% return: Apollo Micro Systems shares double investors' money in just 1 month

Aerospace and defence company Apollo Micro Systems shares on Wednesday zoomed 10 per cent to hit the upper circuit post declaration of the second quarter result of the current financial year.

The stock gained at Rs 124 apiece and was locked in the day's upper circuit limit at Rs 133.40. 

Based out of Hyderabad, Apollo Micro Systems is an electronics, electromechanical, engineering design, manufacturing and supply company.

It is a small-cap company with a market capitalisation of Rs 3,494.71 crore. Its stock has given a 13.58 per cent return in one week and a 35.79 per cent return in two weeks.

In just one month, the small-cap stock more than doubled investments as the counter has yielded a return of 103 per cent.

In the just concluded second quarter, the company's standalone net profit doubled to Rs 7 crore. It had clocked a net profit of Rs 3.28 crore during the year-ago period. The jump in the September 2023 quarter net profit was aided by higher income.

The total income of the company rose to Rs 87.57 crore over Rs 52.39 crore a year ago. Its expenses in the quarter were seen at Rs 78.68 crore.