In the last one year, Apollo Micro Systems shares have given an investment return of 186 percent from the low level of Rs 34.70.
Shares of Apollo Micro Systems hit 5 per cent upper circuit to trade at Rs 107 on Thursday as the company announced that it has got trading approval from the exchanges for the trading of 1.65 crore equity shares of Re 1 each.
“We would like to inform that trading approval for 1,65,06,000 equity shares of Re. 1/- each, issued and allotted on Preferential Issue basis to the Promoters, have been granted by National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 04th June, 2024,” the company said in an exchange filing. These shares are listed and admitted to dealings on the Exchange from June 5, 2024.
It is to be noted that 1,65,06,000 equity shares of Re 1 each were issued at a premium of Rs 17.60 to promoters on a preferential basis pursuant to the conversion of warrants. In the last one year, Apollo Micro Systems shares have given an investment return of 186 percent from the low level of Rs 34.70.
Shares of Apollo Micro Systems were at the level of Rs 12.29 on June 7, 2019, from where investors got a bumper return of 706 percent. Apollo Micro Systems has informed the stock exchange that it has received approval from the stock exchange for trading of 1.65 crore equity shares issued after conversion of warrants issued on preferential basis.
Meanwhile, benchmark equity indices Sensex and Nifty began the trade on a buoyant note on Thursday, continuing to rally for the second day running, after leaders of the BJP-led National Democratic Alliance (NDA) unanimously elected Narendra Modi as their leader.
Extending its previous day’s sharp rally, the 30-share BSE Sensex jumped 696.46 points to 75,078.70 in early trade. The NSE Nifty climbed 179.15 points to 22,799.50. Among the 30 Sensex companies, NTPC, State Bank of India, Power Grid, Tata Steel, Tech Mahindra and HCL Technologies emerged as the biggest gainers.
Hindustan Unilever, Nestle, Sun Pharma and Asian Paints were among the laggards.In Asian markets, Tokyo and Hong Kong traded with gains while Shanghai quoted lower. US markets ended in positive territory on Wednesday.