Amid heavy selling in the stock market on Tuesday, huge fluctuations were seen in the shares of defense sector company Apollo Micro Systems Limited. The stock rose 4.04% to a record high of ₹157 in early trade, its 52-week high. However, the rally could not be sustained in the afternoon, and the stock fell 4.41% to close at ₹144.25.
stock performance
- 52 week low: ₹88.10 (October 2024)
- 52 week high: ₹157 (January 2025)
- 1 month return: 53% gain
- 2 year return: 298% increase
- 3 Year Returns: 842%, making this stock a multibagger.
expert opinion
- Aditya Gaggar (Progressive Shares):
- Despite the recent surge, investors should remain cautious.
- Amey Ranadive (Stockbox):
- At current levels the stock can go to medium term target of ₹175-186.
- Caution: If the stock falls below ₹120, the positive outlook will end.
- AR Ramachandran (SEBI Registered Analyst):
- Strong resistance seen at ₹157 on the daily chart.
- If the stock closes below ₹141, it may fall to ₹118.
market condition
The decline in the entire market continued on Tuesday.
- Sensex:
- It closed at 75,838.36, down 1,235.08 points (1.60%).
- This is the lowest level of Sensex in seven months.
advice for investors
- Shares of Apollo Micro Systems have delivered multibagger returns in recent years.
- Considering the current volatility, investors should adopt the strategy of buying on dips.
- If the stock goes below the support of ₹141, it may show weakness in the near future.
- Strong research and risk management are essential for long-term investing.
