Defence stock under Rs 400 gains after being declared lowest bidder for DRDO project

Defence stock under Rs 400 gains after being declared lowest bidder for DRDO project

Shares of Apollo Micro Systems Ltd (AMSL), a defence and aerospace company, are in focus as the company has shared two significant developments in its latest exchange filing. According to the information shared, the company has been declared the lowest bidder for a project by the Defence Research and Development Organisation (DRDO) worth Rs 4.3 crore. Moreover, the company has been declared as the lowest bidder for orders worth Rs 34.97 crore by…