Apollo Micro Systems share price: Apollo Micro Systems slides 4.6% after recent rally, profit-booking
Apollo Micro Systems (AMS) shares declined 4.61% to ₹144.31 on Tuesday on the National Stock Exchange, as investors moved to book profits following the defense stock’s sharp 60 per cent surge over the past month.
The selloff comes just a few hours after the small-cap defense company’s stock hit a 52-week high of ₹157 amid heavy trading volumes. On Monday, the stock had rallied nearly 14 per cent on expectations of strong quarterly earnings, with over 17 million shares changing hands across the NSE and BSE.
The stock’s recent performance has significantly outpaced the broader market, gaining around 60 per cent in the past month while the BSE Sensex declined 1 per cent during the same period. Monday’s peak brought AMS close to its all-time high of ₹161.75 recorded on November 20, 2023.
The reversal in AMS shares aligns with broader market sentiment influenced by U.S. President Donald Trump’s trade policy signals and falling oil prices. The defense sector stock’s movement comes as traders maintain focus on PSU, defense, and metal stocks amid a declining U.S. Dollar Index.
