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Apollo Micro Systems rallies after securing key defence technology approvals
Apollo Micro Systems hit the upper circuit after DRDO cleared two defence technology transfers, triggering strong volumes and renewed investor interest in the stock.
Shares of surged nearly 5 percent on December 22 after the company received approvals from for two Transfers of Technology. The approvals relate to Laser Based Directed Energy Weapon systems and EO Tracking Systems for DEW. Heavy investor interest was visible as about 2.1 million shares worth ₹52 crore were traded across exchanges before the stock hit its upper circuit.