look news india
Amid heavy selling in the stock market on Tuesday, huge fluctuations were seen in the shares of defense sector company Apollo Micro Systems Limited. The stock rose 4.04% to a record high of ₹157 in early trade, its 52-week high. However, the rally could not be sustained in the afternoon, and the stock fell 4.41% to close at ₹144.25.
stock performance
- 52 week low: ₹88.10 (October 2024)
- 52 week high: ₹157 (January 2025)
- 1 month return: 53% gain
- 2 year return: 298% increase
- 3 Year Returns: 842%, making this stock a multibagger.
expert opinion
- Aditya Gaggar (Progressive Shares):
- Despite the recent surge, investors should remain cautious.
- Amey Ranadive (Stockbox):
- At current levels the stock can go to medium term target of ₹175-186.
- Caution: If the stock falls below ₹120, the positive outlook will end.
- AR Ramachandran (SEBI Registered Analyst):
- Strong resistance seen at ₹157 on the daily chart.
- If the stock closes below ₹141, it may fall to ₹118.
market situation
The decline in the entire market continued on Tuesday.
- Sensex:
- It closed at 75,838.36, down 1,235.08 points (1.60%).
- This is the seven-month low of Sensex.
advice for investors
- Shares of Apollo Micro Systems have delivered multibagger returns in recent years.
- Considering the current volatility, investors should adopt the strategy of buying on dips.
- If the stock goes below the support of ₹141, it may show weakness in the near future.
- Strong research and risk management are essential for long-term investing.