HFCL and Apollo Micro Systems Shares Surge Over 100% Since April
Volume buzzers: HFCL, Apollo Micro soar up to 13%; up over 100% since April
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Shares of HFCL and Apollo Micro Systems have reached new highs on the BSE, with Apollo Micro's stock rising 120% and HFCL's by 140% since April. Strong quarterly performances and significant order wins are driving this growth amidst a declining BSE Sensex.
- 01Apollo Micro Systems' stock surged 13% to ₹400, with a total increase of 120% since April.
- 02HFCL's shares gained 10% to reach ₹162.90, reflecting a 140% rise since April.
- 03Apollo Micro reported an 81% YoY revenue increase to ₹293.3 crore for Q4FY26, with a profit after tax growth of 163.5%.
- 04HFCL secured orders worth ₹374.37 crore in May, contributing to its record profit of ₹184.45 crore in Q4.
- 05Both companies are experiencing significant demand in the defense and telecommunications sectors.
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The stock prices of HFCL and Apollo Micro Systems have surged to new 52-week highs amid heavy trading volumes on the Bombay Stock Exchange (BSE). Apollo Micro Systems' shares hit ₹400, marking a 13% increase in a single day and a 120% rise since April. The company, a key player in defense electronics, reported an impressive 81% year-on-year revenue growth to ₹293.3 crore in the last quarter, with profits soaring 163.5% to ₹36.8 crore. Meanwhile, HFCL's shares rose by 10% to ₹162.90, reflecting a 140% increase since April. The telecom infrastructure firm reported record profits of ₹184.45 crore for the same quarter, driven by strong demand and significant order wins, including ₹374.37 crore in new contracts this month. Both companies are poised for continued growth, bolstered by their robust order books and strategic market positions.
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The significant stock price increases of HFCL and Apollo Micro Systems reflect strong demand in the defense and telecommunications sectors, which could lead to more investment and job creation in these industries.
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