Defence Stock To BUY: This scrip has given 367% return in 2 years - Check target

Defence and space sector company Apollo Micro Systems Ltd has got a buy call from Vikas Sethi of Sethi Finmart. He has advised investors to buy this defence stock for a short term target of Rs 110.  

According to Sethi, investors should keep a stop loss at Rs 95. The counter had closed at Rs 102.10 on the BSE in the last trading session. From here, investors can get a return of around 8 per cent. 

Meanwhile, the counter opened in green today at Rs 104.60 and gained further to touch the high of Rs 105.50. The counter hit the day's low of Rs 99.50. Last seen, it was trading at Rs 101.80. The stock has a 52-week high of Rs 161.75 and a 52-week low of Rs 74.50.

Apollo Micro Systems Q2 Results

Meanwhile, the company has announced its second-quarter results for the current financial year. According to an exchange filing, the company's net profit on a standalone basis has surged 139 per cent YoY. 

The net profit in the quarter under review is Rs 15.87 crore as against the net profit of Rs 6.62 crore in the same quarter a year ago. On a QoQ basis, the net profit surged by more than 80 per cent from Rs 8.60 crore.

Share Price History

The counter of Apollo Micro Systems has given a positive return of 35.71 per cent in one year and a multibagger return of 367.79 per cent in two years. However, on a YTD basis, it has given a negative return of around 15 per cent.

Meanwhile, equity markets rebounded in early trade on Monday, driven by buying in the stock of blue-chip ICICI Bank, firm trends in Asian peers and continuous buying by domestic institutional investors.
 
Disclaimer: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.