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Will Apollo Micro rise on Bharat Dynamics order?

| Updated on January 24, 2019 Published on January 23, 2019

 

Apollo Micro Systems has bagged a supply order from Bharat Dynamics, a Defence PSU, worth ₹12.999 crore. However, it did not reveal details of the nature of the order or execution time. Last week, it had entered into an agreement with P2M Aviation Sagl, a Switzerland-based firm, to market and promote speed canard aircraft. Subsequently, it plans to enter into a definitive agreement under which P2M will transfer technology enabling the company to manufacture aircraft.

The share was trading at Rs 123.10, up Rs 1.35 (+1.11%) on the BSE on Thursday morning.

Published on January 23, 2019
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