289% return in 2 years: Multibagger defence stocks gain - Here's why

2 hours ago 1

Shares of Apollo Micro Systems (AMS) gained implicit 6 per cent connected Monday aft securing an bid worthy Rs 4.65 crore. The antagonistic opened spread up astatine Rs 94.55 - a summation of 3.11 per cent from the erstwhile adjacent of Rs 91.20 connected the BSE. It surged further to interaction the precocious of Rs 97.70 - this is simply a summation of astir 6.54 per cent from the past trading price.

The institution has besides emerged arsenic the lowest bidder for a Rs 16.96 crore contract. With this surge, the banal of the Hyderabad-based aerospace and defence institution has snapped its four-day losing streak.

“The institution has been declared the Lowest Bidder for orders worthy ₹16.96 crore from DRDO, Public Sector Units, Indian Navy, and Indian Army,” it said successful an speech filing.

The antagonistic has fixed a affirmative instrumentality of 289 per cent successful 2 years but a antagonistic instrumentality of 27 per cent successful 1 year. The 52-week precocious of the antagonistic is Rs 147.50 and the 52-week debased is Rs 88.10.

Meanwhile, benchmark equity indices Sensex and Nifty surged successful aboriginal commercialized connected Monday, helped by across-the-board rally and the BJP pulling disconnected a stunning show successful Maharashtra winning a grounds fig of seats to propel the party-led ruling Mahayuti confederation to a landslide victory.

Extending its erstwhile day's crisp rally, the BSE benchmark Sensex jumped 1,289.89 points to 80,407 successful aboriginal trade. The NSE Nifty surged 405.25 points to 24,312.50.

From the 30-share Sensex pack, Mahindra & Mahindra, Larsen & Toubro, State Bank of India, Reliance Industries, ICICI Bank and Bajaj Finance were the biggest gainers.

JSW Steel and Infosys were the laggards.

The BJP connected Saturday pulled disconnected a stunning show successful Maharashtra winning a grounds fig of seats to propel the party-led ruling Mahayuti confederation to a landslide triumph portion the INDIA bloc stormed backmost to powerfulness successful Jharkhand connected the backmost of a spectacular showing by the JMM.

With PTI inputs

*** Disclaimer: This Article is auto-aggregated by a Rss Api Program and has not been created or edited by Nandigram Times

(Note: This is an unedited and auto-generated story from Syndicated News Rss Api. News.nandigramtimes.com Staff may not have modified or edited the content body.

Please visit the Source Website that deserves the credit and responsibility for creating this content.)

Watch Live | Source Article