This Multibagger Stock Has Given Investors 870% Return In The Last 1.5 Years – News18

People are opting for varied investment methods nowadays. Usually, people invest in fixed deposits (FDs), mutual funds, real estate, bonds, or stocks. Investing in the stock market is currently among the most popular ways of investing money. While some people have been able to make a lot of earnings from the markets, there are some who have lost a lot of money as well. There are certain stocks that have given a great return to investors and are known as multibagger stocks. One such stock is Apollo Micro Systems Ltd. As per reports, this defence stock has given returns of 250 percent in the last 6 months, 357 percent in one year, and more than 900 percent in one and a half years.

Apollo Micro Systems Ltd provides high-performance mission and critical defence solutions to the Ministry of Defence, the Defence Research and Development Organisation (DRDO), BrahMos Aerospace Private Limited, Bharat Electronics Limited (BEL), Hindustan Aeronautics Limited (HAL), and the Indian Space Research Organisation (ISRO). According to the latest reports, the company has now approved the allotment of Rs 98.85 lakh in convertible warrants. These convertible warrants will be issued to 24 allottees at the rate of Rs 186 per warrant, which can be converted into equity shares. The company is going to initially raise Rs 4.12 crore as per the warrant exercise price. Now, the market experts have revealed that, due to this move by the company, the share price of Apollo Micro Systems Ltd is also expected to increase further.

In the last trading session, on December 8, 2023, the share of Apollo Micro Systems had closed at Rs 122.05. As per reports, the 52-week high level of Apollo Micro Systems shares with a market cap of Rs 3410 crore has been Rs 161.70, while the 52-week low of the stock has been Rs 23.25. This stock has been giving multibagger returns to investors for the last one and a half years. Around one and a half years ago, on June 17, 2022, the stock was priced at Rs 11.70, and now it has increased to almost Rs 122.

Investors who invested money in this stock five years ago have gotten a strong return of 870 percent so far. So far in the year 2023, this stock has jumped 299 percent. As of now, on December 11, the price of the stock of Apollo Micro Systems Ltd is Rs 122.20.