Apollo Micro Systems Shares Rally Nearly 9% Intraday After Q4 Profit Jumps 161%
Hyderabad (Telangana) [India], May 18: Shares of Apollo Micro Systems staged a sharp recovery on Monday after the company reported a strong rise in earnings for the fourth quarter of...
Hyderabad (Telangana) [India], May 18: Shares of Apollo Micro Systems staged a sharp recovery on Monday after the company reported a strong rise in earnings for the fourth quarter of FY2025-26, boosting investor sentiment despite early profit booking during the session
The stock opened higher at Rs 295.85 on the BSE against the previous close of Rs 294.25. However, selling pressure dragged the counter to an intraday low of Rs 283.40, down 3.68 per cent. The stock later rebounded strongly after the company announced its quarterly results, climbing to an intraday high of Rs 320, a gain of 8.75 per cent from the previous close.
Apollo Micro Systems eventually settled at Rs 311.10, up Rs 16.85 or 5.73 per cent for the day. The stock traded in a wide range of Rs 36.6 and outperformed the broader sector by nearly 8 per cent. Market data also showed elevated volatility, with intraday volatility recorded at 9.73 per cent. Technically, the stock continued to trade above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating sustained bullish momentum.
