Why is Apollo Micro Sys falling/rising?
As of 21-Jul, Apollo Micro Systems Ltd's stock price is Rs 180.55, up 1.89%, with a strong year-to-date increase of 56.46%. Despite a recent short-term decline, the company's solid financial performance and consistent growth over the past year support positive investor sentiment.
As of 21-Jul, Apollo Micro Systems Ltd is experiencing a price increase, with its current price at Rs 180.55, reflecting a rise of Rs 3.35 or 1.89%. Today's price summary indicates that the stock outperformed its sector by 1.6%, reaching an intraday high of Rs 182.95, which is a 3.24% increase. Despite a decline in delivery volume by 37.03% against the 5-day average, the stock remains liquid enough for trading. Over the past year, Apollo Micro Systems has shown impressive returns, generating a 54.71% increase, and has consistently delivered positive results for the last seven quarters, with net sales and operating profit growing significantly. In the broader market context, the stock's short-term performance over the past week shows a decline of 1.93%, while the benchmark Sensex has only decreased by 0.06%. This indicates that while the stock has faced some short-term challenges, its long-term growth prospects remain strong, as evidenced by a year-to-date increase of 56.46% compared to the Sensex's 5.20%. The company's robust financial metrics, including a high return on capital employed and consistent returns over the last three years, contribute positively to investor sentiment, supporting the recent upward movement in the stock price.
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