Apollo Micro Systems Hits Upper Circuit Limit Amid Strong Market Interest and Momentum
Apollo Micro Systems Ltd, a midcap in the Aerospace & Defense sector, reached its upper circuit limit today, achieving a notable intraday high. The stock demonstrated strong market interest, trading a significant volume and reflecting robust momentum, despite a decline in delivery volume. It also hit a new 52-week high.
Apollo Micro Systems Ltd, a midcap player in the Aerospace & Defense sector, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 214, marking a significant increase of 10% or Rs 19.45 from its previous close. This performance is noteworthy as it outperformed the sector by 7.89%, reflecting strong market interest.The stock traded within a wide range of Rs 20.55 today, with a total traded volume of approximately 171.07 lakh shares, resulting in a turnover of Rs 356.52 crore. Notably, Apollo Micro Systems has been on a positive trajectory, gaining 12.9% over the last two days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating robust momentum.
Despite a decline in delivery volume, which fell by 44.01% against the 5-day average, the stock remains liquid enough for trades of Rs 2 crore based on 2% of the 5-day average traded value. Overall, Apollo Micro Systems Ltd's performance today underscores its strong position in the market, with a new 52-week high achieved.
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