250% return in 1 year: Do you own this multibagger defence stock?

Shares of Apollo Micro Systems Limited are one of the multibagger stocks that have good return to investors. According to BSE analytics, the counter has given over 252 per cent return in one year. In two years, the counter has made investors wealthier by 675 per cent. But so far this year, it has given a negative return of over 8 per cent.

On Friday, the counter opened at Rs 111.50 and last seen it held firmly in green at Rs 109.99. The counter has been gaining for three consecutive days. The scrip of Apollo Micro Systems, which has a market cap of Rs 3,105, has a 52-week high of Rs 161.75 and a 52-week low of Rs 31. 

Meanwhile, the Hyderabad-based company has informed exchanges that MNM & Associates has issued a certificate after examining all share transfer deeds, memorandum of transfers, registers, records and other relevant files and documents maintained with Bigshare Services Private Limited pertaining to transfer/transmission of equity shares, issue of duplicate share certificate, sub-division, consolidation, renewal, exchange or endorsement of calls/allotment monies for FY2024.

Earlier, the company stated that it entered into a term loan agreement with the State Bank of India (SBI) for the implementation of the upcoming project, Integrated Plant for Ingenious Defence Systems (IPiDS) at Hardware Park, Hyderabad.