Stocks of Apollo hit 13.8% as the company win naval mine production rights and sign a ToT for NASM-SR warhead with DRDO.
Apollo Micro Systems reports a 13.8% increase in share price over two trading days, closing at ₹275.95 on the BSE. The movement follows two new project disclosures involving the Defence Research and Development Organisation (DRDO).
According to the agreement, Apollo has been designated as the production agency for the Multi-Influence Ground Mine (MIGM) – Vighana under DRDO’s Development cum Production Partner (DcPP) framework. This marks a new addition to its domestic defence manufacturing contracts.
In addition, Apollo Micro Systems has entered into a Transfer of Technology (ToT) agreement with DRDO. This transferred technology relates to an omni-directional multi-EFP (Explosively Formed Penetrator) warhead, which is a component of the NASM-SR (Naval Anti-Ship Missile – Short Range) platform.
Both these developments were communicated via stock exchange filings and are categorised to be in line with the company’s ongoing business activities.
With the defence segment drawing higher interest amid increased government focus on indigenous production capabilities. Share volumes have risen in tandem with sector-wide sentiment.
Earlier in August 2025, the company had announced its position as the lowest bidder for orders valued at ₹25.12 crore. The contracts were issued by DRDO and defence public sector undertakings, adding to its order book.
Apollo Micro Systems specialises in electronic subsystems and solutions for aerospace and defence platforms. Its participation in DcPP and ToT programmes aligns with national procurement priorities and ongoing defence indigenisation efforts.
